Subsidies and other transfers in India
India: Subsidies and other transfers was 15.24 trillion current LCU in 2022. ◆ Volatile
Subsidies and other transfers in India, 1990–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
India recorded 15.24 trillion current LCU for subsidies and other transfers in 2022. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 144.2% over ten years.
Over the whole period, subsidies and other transfers in India peaked at 15.24 trillion current LCU in 2022 and was at its lowest, 283.11 billion current LCU, in 1990.
That places India 13th out of 153 countries with data for 2022, putting it in the top 10%.
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 | 511.37 billion current LCU | 283.11 billion current LCU | 729.06 billion current LCU | 9 |
| 2000s | 2.15 trillion current LCU | 1.17 trillion current LCU | 3.67 trillion current LCU | 8 |
| 2010s | 8.18 trillion current LCU | 4.66 trillion current LCU | 13.22 trillion current LCU | 9 |
| 2020s | 15.24 trillion current LCU | 15.24 trillion current LCU | 15.24 trillion 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 subsidies and other transfers in India?
- Subsidies and other transfers in India was 15.24 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in India?
- The highest recorded value was 15.24 trillion current LCU in 2022.
- What is the lowest subsidies and other transfers recorded in India?
- The lowest recorded value was 283.11 billion current LCU in 1990.
- How does India rank for subsidies and other transfers?
- India ranks 13th out of 153 countries with data for 2022.
- Is subsidies and other transfers rising or falling in India?
- Over the last ten years it is up 144.2%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.