Short-term debt in India
India: Short-term debt was 19.5% in 2024. ◆ Volatile
Short-term debt in India, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
India recorded 19.5% for short-term debt in 2024.
The figure is down 0.7% on the previous year and up 4.1% over ten years.
Over the whole period, short-term debt in India peaked at 23.8% in 2012 and was at its lowest, 2.8%, in 2001.
That places India 29th out of 121 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.5% | 2.8% | 3.9% | 10 |
| 1980s | 9.8% | 6.1% | 11.2% | 10 |
| 1990s | 6.0% | 3.9% | 10.2% | 10 |
| 2000s | 9.9% | 2.8% | 19.3% | 10 |
| 2010s | 20.0% | 17.0% | 23.8% | 10 |
| 2020s | 19.4% | 18.3% | 20.8% | 5 |
Countries ranked near India
More external debt data for India
- IFC, private nonguaranteed 1.60 billion NFL, US$ (2024)
- Public and publicly guaranteed debt service 0.7% (2024)
- Net financial flows, IDA -2.06 billion NFL, current US$ (2024)
- Net financial flows, IBRD 1.88 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 3.1% (2024)
- Multilateral debt service 39.1% (2024)
- Multilateral debt service 10.46 billion TDS, current US$ (2024)
- Debt service on external debt, public and publicly guaranteed (PPG) 26.79 billion TDS, current US$ (2024)
- IMF repurchases and charges 845.51 million TDS, current US$ (2024)
- PPG, official creditors 5.56 billion NFL, US$ (2024)
Frequently asked questions
- What is short-term debt in India?
- Short-term debt in India was 19.5% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in India?
- The highest recorded value was 23.8% in 2012.
- What is the lowest short-term debt recorded in India?
- The lowest recorded value was 2.8% in 2001.
- How does India rank for short-term debt?
- India ranks 29th out of 121 countries with data for 2024.
- Is short-term debt rising or falling in India?
- Over the last ten years it is up 4.1%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.