24Peaks / Asia / India / Sovereign Debt Rating (0-21)

India - Sovereign Debt Rating (0-21) 12.13

World Bank · updated 2026-10-03 · 163 economies tracked

Latest value

12.13 (2025)

Global rank

##91 of 163 economies

Share of global total

0.7%

Growth since 1990

0.93×

Ranking Race — Sovereign Debt Rating (0-21)

1 = global #1 · lower value ranks higher

#1#16#31#46#61#76#9119901995200020052010201520202025#7#912014 overtook Uruguay2023 overtook Aruba
IndiaVenezuela, RBLebanonBelarusUkraine

Real annual global ranks, 1990 - 2025. India climbed from #7 to #91 (overtook Uruguay). 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
Global crisis slowdown curated

Growth slows sharply as capital flows reverse.

2014
Overtook Uruguay 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High-denomination notes withdrawn, causing cash shortages.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.

2023
Overtook Aruba in global rank auto

Sovereign Debt Rating (0-21), 1990-2025

World Bank · 0-21 rating · linear scale · ranking in the race above
1990200020102020202510111213

Explore

Related indicators

Community estimates

No community estimates yet for Sovereign Debt Rating (0-21) — be the first.

Add your estimate

Free: latest value, global rank and the ranking race. Subscribers unlock full history, multi-country comparison and export — sign up or login.