General government gross debt for India
GGGDTAINA188N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.23
Year-over-Year Change
18.33%
Date Range
1/1/1991 - 1/1/2023
Summary
The 'General government gross debt for India' metric measures the total debt owed by the Indian government, including central and local governments. This key indicator provides insight into the fiscal health and solvency of the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
General government gross debt refers to the total debt obligations of all government entities, including the central government, state governments, and local authorities. It is a comprehensive measure of a nation's public indebtedness and is closely monitored by economists, policymakers, and investors to assess fiscal sustainability.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on government finance statistics.
Historical Context
General government gross debt is a critical indicator used by policymakers, credit rating agencies, and financial markets to evaluate India's economic and fiscal landscape.
Key Facts
- India's general government gross debt was 89.6% of GDP in 2021.
- Debt levels have risen significantly from 69.6% of GDP in 2019.
- High debt burdens can constrain a government's ability to respond to economic shocks.
FAQs
Q: What does this economic trend measure?
A: The 'General government gross debt for India' metric measures the total debt obligations of the Indian government, including central, state, and local authorities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial insight into India's fiscal sustainability and the government's ability to manage its debt burden, which is closely monitored by policymakers, credit rating agencies, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on government finance statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this metric to assess India's fiscal health, evaluate the government's ability to service its debt, and inform decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published annually by the IMF, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, General government gross debt for India (GGGDTAINA188N), retrieved from FRED.