Prices & public finance · South Asia · Lower-middle income
India: prices, money and public finance
Inflation is 2.4% (2025), 106th of 180 in the world and 5th of 6 in South Asia. GDP deflator is 1.0% (2025), 175th of 209 in the world and 6th of 6 in South Asia. Lending rate is 8.6% (2022), 68th of 136 in the world and 5th of 5 in South Asia.
Inflation
IndiaSouth AsiaLower-middle incomeWorld
GDP deflator
IndiaSouth AsiaLower-middle incomeWorld
14 indicators
Prices & public finance: India in detail
Latest reported value, world rank and rank within South Asia; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 2.4%2025 | 106/180 | 5/6 | 4.0% | 12.0% | 6.6% | −2.5 ppsince 2015 | 3.1% | 3.6% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 1.0%2025 | 175/209 | 6/6 | 3.6% | 10.5% | 4.8% | −1.3 ppsince 2015 | 3.2% | 5.0% | 3.3% | |
| Lending rateLending interest rate, % | 8.6%2022 | 68/136 | 5/5 | 12.3% | 8.3% | 9.2% | −2.0 ppsince 2012 | — | — | — | |
| Real interest rateReal interest rate, % | 5.6%2022 | 60/136 | 4/5 | 8.3% | -2.0% | 4.1% | +3.1 ppsince 2012 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 87.162025 | 69/210 | 5/6 | 44.94 | 45.73 | 74.10 | +36%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 6.9%2022 | 134/142 | 6/6 | 8.8% | 10.4% | 6.9%2022 | −3.9 ppsince 2012 | 6.9% | 12.1% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 9.4%2022 | 138/142 | 6/6 | 11.7% | 13.2% | 9.4%2022 | −3.2 ppsince 2012 | 9.3% | 14.2% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 13.7%2022 | 126/142 | 5/6 | 15.4% | 16.5% | 13.7%2022 | −2.4 ppsince 2012 | 13.8% | 15.7% | 28.5% | |
| Government debtCentral government debt, % of GDP | 46.5%2018 | 45/78 | 4/5 | 55.0% | 51.6% | 46.5%2018 | −10.8 ppsince 2008 | 46.6% | — | — | |
| External debtExternal debt stocks, % of GNI | 18.6%2024 | 105/119 | 6/6 | 21.8% | 17.5% | 21.4% | −4.1 ppsince 2014 | 20.0% | 30.1% | — | |
| Private creditDomestic credit to private sector, % of GDP | 44.0%2025 | 81/169 | 3/5 | 28.3% | 50.6% | 40.8% | −7.8 ppsince 2015 | 43.5% | 38.7% | 140.3% | |
| Broad moneyBroad money, % of GDP | 82.1%2021 | 40/146 | 3/5 | 54.6% | 77.7% | 87.7% | +3.3 ppsince 2011 | 79.6% | 67.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 7.92025 | 28/165 | 2/6 | 6.1 | 7.8 | 12.9 | −1.9%since 2015 | 7.9 | 7.7 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 2.30%2025 | 47/156 | 1/4 | 2.95% | 2.89% | 2.80% | −0.2 ppsince 2015 | 2.11% | 1.92% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Inflation−2.5 pp2.4% in 2025
- Government debt−10.8 pp46.5% in 2018
- External debt−4.1 pp18.6% in 2024
Worse than ten years ago
- Reserves, months of imports−1.9%7.9 in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
India and its neighbours
Countries sharing a land border with India. Latest values since 2005; the highest in each row is marked.
| Indicator | India | China | Indonesia | Pakistan | Bangladesh | Myanmar |
|---|---|---|---|---|---|---|
| Inflation | 2.4%2025 | 0.1%2025 | 1.9%2025 | 3.5%2025 | 8.8%2025 | 8.8%2019 |
| GDP deflator | 1.0%2025 | -0.9%2025 | 2.4%2025 | 4.3%2025 | 6.5%2025 | 12.5%2025 |
| Lending rate | 8.6%2022 | 4.3%2024 | 8.5%2025 | 8.7%2021 | 8.6%2025 | 14.8%2020 |
| Real interest rate | 5.6%2022 | 5.2%2024 | 6.0%2025 | -1.5%2021 | 2.0%2025 | 9.0%2020 |
| Exchange rate | 87.162025 | 7.192025 | 16,477.872025 | 281.142025 | 121.922025 | 1,381.622020 |
| Tax revenue | 6.9%2022 | 7.0%2024 | 11.1%2009 | — | 7.6%2021 | 6.0%2019 |
| Government revenue | 9.4%2022 | 14.9%2024 | 15.1%2009 | — | 9.5%2021 | 14.4%2019 |
| Government expense | 13.7%2022 | — | 15.4%2009 | — | 8.3%2021 | 13.8%2019 |
| Government debt | 46.5%2018 | — | 30.0%2009 | — | — | — |