Social contributions in India
India: Social contributions was 24.31 billion current LCU in 2022. ◆ Volatile
Social contributions in India, 1990–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, social contributions in India stood at 24.31 billion current LCU.
That represents a change of down 19.5% over ten years.
Over the whole period, social contributions in India peaked at 30.20 billion current LCU in 2012 and was at its lowest, 430.00 million current LCU, in 1992.
India ranks 59th of 112 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 707.00 million current LCU | 430.00 million current LCU | 1.45 billion current LCU | 10 |
| 2000s | 9.34 billion current LCU | 1.26 billion current LCU | 21.14 billion current LCU | 10 |
| 2010s | 22.36 billion current LCU | 13.48 billion current LCU | 30.20 billion current LCU | 9 |
| 2020s | 24.31 billion current LCU | 24.31 billion current LCU | 24.31 billion current LCU | 1 |
Countries ranked near India
More public sector data for India
- Arms imports 1.17 billion SIPRI trend indicator values (2024)
- Tax revenue 6.9% (2022)
- Taxes on income, profits and capital gains 34.8% (2022)
- Taxes on goods and services 32.6% (2022)
- Net investment in nonfinancial assets 0.9% (2022)
- Net lending (+) / net borrowing (-) -5.3% (2022)
- Interest payments 34.0% (2022)
- Grants and other revenue 26.0% (2022)
- Interest payments 23.2% (2022)
- Other taxes 1.0% (2022)
Frequently asked questions
- What is social contributions in India?
- Social contributions in India was 24.31 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in India?
- The highest recorded value was 30.20 billion current LCU in 2012.
- What is the lowest social contributions recorded in India?
- The lowest recorded value was 430.00 million current LCU in 1992.
- How does India rank for social contributions?
- India ranks 59th out of 112 countries with data for 2022.
- Is social contributions rising or falling in India?
- Over the last ten years it is down 19.5%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Social contributions (current LCU). Statizoid updates them automatically from the source API.
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About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.