Goods balance (credit less debit), Net (credits less debits) (US) in India
India: Goods balance (credit less debit), Net (credits less debits) (US) was -279.76 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in India, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in India is -279.76 billion, measured in 2024. That is the lowest value across all 20 years on record.
The figure is down 14.0% on the previous year and down 94.2% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in India peaked at -32.29 billion in 2005 and was at its lowest, -279.76 billion, in 2024.
India ranks 196th of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) (US) in India, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -32.29 billion | — |
| 2006 | -42.70 billion | +32.2% |
| 2007 | -55.08 billion | +29.0% |
| 2008 | -124.85 billion | +126.7% |
| 2009 | -107.27 billion | -14.1% |
| 2010 | -129.18 billion | +20.4% |
| 2011 | -167.46 billion | +29.6% |
| 2012 | -201.67 billion | +20.4% |
| 2013 | -162.58 billion | -19.4% |
| 2014 | -144.05 billion | -11.4% |
| 2015 | -136.88 billion | -5.0% |
| 2016 | -107.48 billion | -21.5% |
| 2017 | -148.13 billion | +37.8% |
| 2018 | -186.69 billion | +26.0% |
| 2019 | -157.68 billion | -15.5% |
| 2020 | -95.45 billion | -39.5% |
| 2021 | -176.72 billion | +85.1% |
| 2022 | -267.19 billion | +51.2% |
| 2023 | -245.48 billion | -8.1% |
| 2024 | -279.76 billion | +14.0% |
India compared with similar countries
- India's -279.76 billion is below the median for lower middle income countries, which is -673.06 million, 415.7× the median. (46 countries reporting)
- India's -279.76 billion is below the median for South Asia, which is -8.33 billion, 33.6× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -72.44 billion | -124.85 billion | -32.29 billion | 5 |
| 2010s | -154.18 billion | -201.67 billion | -107.48 billion | 10 |
| 2020s | -212.92 billion | -279.76 billion | -95.45 billion | 5 |
Countries ranked near India
- 193 Turkey -56.38 billion compare
- 194 France -65.03 billion compare
- 195 Philippines -68.86 billion compare
- 197 United Kingdom -288.73 billion compare
- 198 United States -1.22 trillion compare
More financial sector data for India
- Reserve position in the IMF, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.8 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.38 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.8 % change on previous year (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in India?
- Goods balance (credit less debit), net (credits less debits) in India was -279.76 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in India?
- The highest recorded value was -32.29 billion in 2005.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in India?
- The lowest recorded value was -279.76 billion in 2024.
- How does India rank for goods balance (credit less debit), net (credits less debits)?
- India ranks 196th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in India?
- Over the last ten years it is down 94.2%. The long-run trend across the full record is falling.
- Where does this India data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.