India

GDP (Nominal)

Population

New Delhi

Capital

INR

Currency

Member Organizations

G20UNOECDWTOIMFWorld BankAPECBRICS

Government Revenue

Fiscal Year 2024

Government revenue breakdown by source

India Government Spending

Fiscal Year 2024

Government spending breakdown by category

Revenue SourcesShows the main sources of government income, helping to understand how the country funds its public services.

Corporation Tax10359.00B INR

Income Tax (Individuals)9360.00B INR

Goods and Services Tax (GST)9830.00B INR

Customs2300.00B INR

Union Excise Duties3200.00B INR

Non-Tax Revenue3300.00B INR

Total Revenue38389.00B INR

Spending AllocationShows how government funds are distributed across different sectors, revealing national priorities and commitments.

Defence6224.00B INR

Subsidies4500.00B INR

Pensions2240.00B INR

Education1120.00B INR

Health860.00B INR

Interest Payments11100.00B INR

Other Expenditure7800.00B INR

Total Expenditure40434.00B INR

ControversiesFiscal controversies highlight political, social, or economic challenges that can affect a country's stability and future policy direction.

Implementation of the unified Goods and Services Tax (GST) encountered compliance hurdles and legal challenges from states seeking exemptions. Ongoing debates center on broadening the tax base to include informal sectors and introducing a wealth tax to boost revenues without hampering growth.

Spending EfficiencyMeasures how well public funds are used to achieve desired outcomes. High efficiency means more value for taxpayers and better services.

India scores low on transparency and government effectiveness rankings, with high levels of leakage in subsidy programs and underfunded health and education systems. Digitization of welfare transfers has improved targeting but overall efficiency remains constrained by bureaucratic complexity.

Debt to GDPShows the size of a country's government debt compared to its economy. High ratios may signal fiscal risk, while lower ratios suggest more sustainable finances.

Debt to GDP:85%

Government Debt:$3,032,417,500,000 USD

Tax Burden Per Capita (beta)Tax Burden Level:
Green (Low): Less than $10,000 per capitaOrange (Moderate): $10,000 - $20,000 per capitaRed (High): $20,000 - $30,000 per capitaPurple (Very High): Over $30,000 per capita

$460 USD38,900 INRLevel: Low