24Peaks / Asia / India / Fiscal Balance (% of GDP)

India - Fiscal Balance (% of GDP) -7.44

World Bank · updated 2026-10-03 · 195 economies tracked

Latest value

-7.44 (2025)

Global rank

##174 of 195 economies

Share of global total

1.3%

Growth since 1990

0.98×

Ranking Race — Fiscal Balance (% of GDP)

1 = global #1 · higher value ranks higher

#1#32#63#94#125#156#18719901995200020052010201520202025#94#1742024 overtook Malawi2025 overtook Botswana
IndiaTuvaluKuwaitNorwayUnited Arab Emirates

Real annual global ranks, 1990 - 2025. India climbed from #94 to #174 (overtook Malawi). 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 18 places in global rank auto
1997
Fell 17 places in global rank auto
2000
Fell 17 places in global rank auto
2008
Global crisis slowdown curated

Growth slows sharply as capital flows reverse.

2016
Demonetisation curated

High-denomination notes withdrawn, causing cash shortages.

2020
COVID-19 lockdown curated

GDP records its largest contraction on record.

2024
Overtook Malawi in global rank auto

Fiscal Balance (% of GDP), 1990-2025

World Bank · % of GDP · linear scale · ranking in the race above
19902000201020202025-13.17-10.02-6.88-3.73

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