24Peaks / Asia / India / MFN Simple Average Tariff (%)

India - MFN Simple Average Tariff (%) 15.11

World Bank WITS · updated 2026-10-03 · 180 economies tracked

Latest value

15.11 (2022)

Global rank

##99 of 180 economies

vs global median

2.4×

Growth since 1990

0.18×

Ranking Race — MFN Simple Average Tariff (%)

1 = global #1 · lower value ranks higher

#1#21#41#61#81#101#12119881993199820032008201320182023#2#992008 overtook Cambodia2022 overtook Burkina Faso
IndiaMacao SAR, ChinaSingaporeMauritiusNew Zealand

Real annual global ranks, 1988 - 2023. India climbed from #2 to #99 (overtook Cambodia). 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.

2008
Overtook Cambodia in global rank auto
2008
Global crisis slowdown curated

Growth slows sharply as capital flows reverse.

2011
Fell 17 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High-denomination notes withdrawn, causing cash shortages.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.

2022
Overtook Burkina Faso in global rank auto

MFN Simple Average Tariff (%), 1990-2022

World Bank WITS · % · linear scale · ranking in the race above
19902010202212.5136.3860.2484.11
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