Goods balance (credit less debit), Net (credits less debits) in India
India: Goods balance (credit less debit), Net (credits less debits) 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) 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% |
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 Türkiye -56.38 billion compare
- 194 France -65.03 billion compare
- 195 Philippines -68.86 billion compare
- 197 United Kingdom of Great Britain and Northern Ireland -288.73 billion compare
- 198 United States of America -1.22 trillion compare
More financial sector data for India
- Net domestic credit (current LCU), per capita 213,661 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 79.06 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.56 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 990.63 million SDR (2025)
- Gold reserves at market value 90.27 billion SDR (2025)
- Reserves excluding gold, foreign exchange 403.72 billion SDR (2025)
- Reserves excluding gold 420.92 billion SDR (2025)
- Total reserves (gold at market value) 511.19 billion SDR (2025)
- Total reserves (gold at national valuation) 502.16 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 343.04 SDR per person (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.