India—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #171 of 192Updated August 2026
Latest Value
-6.6%
2031
YoY Change
+1.5%
2030 → 2031
Global Rank
#171
of 192 countries
Maximum
-3.7%
2007
Minimum
-13.2%
2020
Last
-6.6%
Previous
-6.7%
Highest
-3.7%
Lowest
-13.2%
Unit
Percent of GDP
Source
IMF World Economic Outlook
India's fiscal balance (% of GDP) was -7.4% in 2026, ranking #171 out of 192 countries. This represents a +1.5% change from 2030. Over the past 27 years, the highest recorded value was -3.7% (2007) and the lowest was -13.2% (2020). The IMF WEO projects -6.6% by 2031. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2031 | -6.6% | +1.5% |
| 2030 | -6.7% | +2.9% |
| 2029 | -6.9% | +2.8% |
| 2028 | -7.1% | +2.7% |
| 2027 | -7.3% | +1.4% |
| 2026 | -7.4% | +0.0% |
| 2025 | -7.4% | +6.3% |
| 2024 | -7.9% | +6.0% |
| 2023 | -8.4% | +8.7% |
| 2022 | -9.2% | +5.2% |
| 2021 | -9.7% | +26.5% |
| 2020 | -13.2% | -67.1% |
| 2019 | -7.9% | -21.5% |
| 2018 | -6.5% | -3.2% |
| 2017 | -6.3% | +12.5% |
| 2016 | -7.2% | +1.4% |
| 2015 | -7.3% | -5.8% |
| 2014 | -6.9% | -1.5% |
| 2013 | -6.8% | +6.8% |
| 2012 | -7.3% | +8.8% |
| 2011 | -8.0% | +5.9% |
| 2010 | -8.5% | +8.6% |
| 2009 | -9.3% | -14.8% |
| 2008 | -8.1% | -118.9% |
| 2007 | -3.7% | +27.5% |
| 2006 | -5.1% | +22.7% |
| 2005 | -6.6% | +28.3% |
| 2004 | -9.2% | +19.3% |
| 2003 | -11.4% | -2.7% |
| 2002 | -11.1% | -0.9% |
| 2001 | -11.0% | -31.0% |
| 2000 | -8.4% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -7.4% | +0.0% |
| 2027Forecast | -7.3% | +1.4% |
| 2028Forecast | -7.1% | +2.7% |
| 2029Forecast | -6.9% | +2.8% |
| 2030Forecast | -6.7% | +2.9% |
| 2031Forecast | -6.6% | +1.5% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Naoero | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Lesotho | 4.2% | 2026 |
| 7 | Macao SAR, China | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP