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24Peaks / Asia / India / Fiscal Balance

India - Fiscal Balance -7.2

World Bank MPO (Spring 2026) · updated 2026-10-03 · 142 economies tracked

Latest value

-7.2 (2028)

Global rank

##129 of 142 economies

Share of global total

1.7%

Growth since 1990

0.78×

Ranking Race — Fiscal Balance

1 = global #1 · higher value ranks higher

#1#24#47#70#93#116#139198019902000201020202028#43#1292025 overtook Ghana2028 overtook China
IndiaQatarUnited Arab EmiratesLesothoOman

Real annual global ranks, 1980 - 2028. India climbed from #43 to #129 (overtook Ghana). Gaps in a lane = missing data that year.

Key events for India ↓

Key Events — India

Auto-detected from rank data + curated milestones

1991
Economic liberalisation curated

Balance-of-payments crisis triggers sweeping market reforms.

1995
Fell 16 places in global rank auto
2008
Global crisis slowdown curated

Growth slows sharply as capital flows reverse.

2015
Climbed 16 places in global rank auto
2016
Demonetisation curated

High-denomination notes withdrawn, causing cash shortages.

2020
COVID-19 lockdown curated

GDP records its largest contraction on record.

2025
Overtook Ghana in global rank auto
2028
Overtook China in global rank auto

Fiscal Balance, 1990-2028

World Bank MPO (Spring 2026) · % of GDP · linear scale · ranking in the race above
19902000201020202028-13.54-10.43-7.31-4.2

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Fiscal Balance (% of GDP)

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