Taxes less subsidies on products in India
India: Taxes less subsidies on products was 28.18 trillion constant LCU in 2025. ◆ Volatile
Taxes less subsidies on products in India, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
India recorded 28.18 trillion constant LCU for taxes less subsidies on products in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 6.2% on the previous year and up 74.8% over ten years.
Over the whole period, taxes less subsidies on products in India peaked at 28.18 trillion constant LCU in 2025 and was at its lowest, 677.62 billion constant LCU, in 1960.
India ranks 6th of 188 countries on this measure, 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 |
|---|---|---|---|---|
| 1960s | 1.06 trillion constant LCU | 677.62 billion constant LCU | 1.36 trillion constant LCU | 10 |
| 1970s | 1.59 trillion constant LCU | 1.38 trillion constant LCU | 1.88 trillion constant LCU | 10 |
| 1980s | 2.60 trillion constant LCU | 1.80 trillion constant LCU | 3.45 trillion constant LCU | 10 |
| 1990s | 4.31 trillion constant LCU | 3.63 trillion constant LCU | 5.60 trillion constant LCU | 10 |
| 2000s | 7.24 trillion constant LCU | 5.53 trillion constant LCU | 9.71 trillion constant LCU | 10 |
| 2010s | 16.40 trillion constant LCU | 11.06 trillion constant LCU | 23.42 trillion constant LCU | 10 |
| 2020s | 23.85 trillion constant LCU | 18.62 trillion constant LCU | 28.18 trillion constant LCU | 6 |
Countries ranked near India
More economy & growth data for India
- DEC alternative conversion factor 87.33 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 10.54 trillion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 124.62 billion current US$ (2024)
- Taxes less subsidies on products 31.86 trillion current LCU (2025)
- Taxes less subsidies on products 364.87 billion current US$ (2025)
- Net primary income (Net income from abroad) -4.31 trillion current LCU (2025)
- Net primary income (Net income from abroad) -49.36 billion current US$ (2025)
- GNI per capita 233,055 current LCU (2025)
- GNI per capita, Atlas method 2,760 current US$ (2025)
- GNI 341.16 trillion current LCU (2025)
Frequently asked questions
- What is taxes less subsidies on products in India?
- Taxes less subsidies on products in India was 28.18 trillion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in India?
- The highest recorded value was 28.18 trillion constant LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in India?
- The lowest recorded value was 677.62 billion constant LCU in 1960.
- How does India rank for taxes less subsidies on products?
- India ranks 6th out of 188 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in India?
- Over the last ten years it is up 74.8%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.