India Interest Payments to Revenue
Interest payments as % of revenue GC.XPN.INTP.RV.ZS
India's interest payments to revenue was 36.24% in 2025, ranked 4th globally. This represents a 6.7% increase from 2024. Data from World Bank, covering 1974–2025.
Overview
India's interest payments to revenue stood at 36.24% in 2025, a rise of +2.26pp from 2022. Based on recent trends, this figure is projected to reach 36.24% by 2025. India ranked 4th globally.
India's interest payments to revenue ratio has exhibited a fluctuating trend over the 47-year period, with significant peaks and troughs. The ratio began at 10.34% in 1974 and reached a low of 10.27% in 1975, indicating a relatively stable period for the country's debt servicing. However, by 2001, the ratio had peaked at 40.94%, a level that would remain one of the highest globally for many years. In recent years, the ratio has trended downwards, reaching 36.24% in 2025, a level surpassed only by Ghana. This indicates that India's interest payments have become more manageable compared to its revenue. Malawi, a peer country, shares a similar ratio of 36.33%, suggesting that India's fiscal management has been effective in reducing its debt burden. However, a decline in global interest rates or a significant increase in revenue could potentially alter the trajectory of this trend.
Data & projection
| Year | Interest Payments to Revenue | YoY change | Rank |
|---|---|---|---|
| 2025* trend | 36.24% | - | - |
| 2025 | 36.24% | +2.26pp | #4 |
| 2022 | 33.98% | +10.96pp | #110 |
| 2018 | 23.01% | −1.28pp | #129 |
| 2017 | 24.29% | +0.08pp | #136 |
| 2016 | 24.21% | −1.00pp | #133 |
| 2015 | 25.21% | −1.98pp | #135 |
| 2014 | 27.19% | +1.50pp | #132 |
| 2013 | 25.69% | +0.78pp | #122 |
| 2012 | 24.91% | +2.04pp | #126 |
| 2011 | 22.87% | +0.04pp | #121 |
| 2010 | 22.83% | −5.64pp | #117 |
| 2009 | 28.46% | +1.92pp | #117 |
| 2008 | 26.54% | +3.17pp | #113 |
| 2007 | 23.37% | −2.27pp | #104 |
| 2006 | 25.64% | −2.93pp | #102 |
Detected Pattern
Analysis
India matched the Fiscal Dominance Trap pattern in 2010. Historically, 72% of countries showing this pattern (278 out of 386) saw interest payments to revenue improve within 24 months. View full analysis →
Frequently Asked Questions
India's interest payments to revenue was 36.24% in 2025. Ranked 4th globally. This represents a 6.7% increase from the previous year.
India's interest payments to revenue peaked at 40.94% in 2001.
The lowest interest payments to revenue in India was 10.27% in 1975.
India ranks 4th globally in interest payments to revenue as of 2025.
The World Bank indicator code is GC.XPN.INTP.RV.ZS. Data sourced from World Bank.
India's interest payments to revenue is projected to reach 36.24% by 2025 based on trend extrapolation.
The interest payments to revenue of India in 2025 was 36.24%. This ranks 4th in the world.
Cite this page
@misc{historysaid_india_interest-to-revenue,
title = {India Interest Payments to Revenue},
url = {https://historysaid.com/india/interest-to-revenue/},
publisher = {HistorySaid},
year = {2026}
}