Services balance (credit less debit), Net (credits less debits) (US) in India
India: Services balance (credit less debit), Net (credits less debits) (US) was 178.20 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in India, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in India stood at 178.20 billion. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 12.0% on the previous year and up 134.2% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in India peaked at 178.20 billion in 2024 and was at its lowest, 5.01 billion, in 2005.
India ranks 3rd of 197 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) (US) in India, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 5.01 billion | — |
| 2006 | 10.93 billion | +118.0% |
| 2007 | 16.38 billion | +49.9% |
| 2008 | 50.49 billion | +208.3% |
| 2009 | 39.86 billion | -21.1% |
| 2010 | 38.16 billion | -4.3% |
| 2011 | 60.77 billion | +59.3% |
| 2012 | 65.61 billion | +8.0% |
| 2013 | 70.44 billion | +7.4% |
| 2014 | 76.08 billion | +8.0% |
| 2015 | 73.64 billion | -3.2% |
| 2016 | 65.90 billion | -10.5% |
| 2017 | 75.92 billion | +15.2% |
| 2018 | 80.77 billion | +6.4% |
| 2019 | 84.23 billion | +4.3% |
| 2020 | 87.11 billion | +3.4% |
| 2021 | 102.68 billion | +17.9% |
| 2022 | 132.53 billion | +29.1% |
| 2023 | 159.14 billion | +20.1% |
| 2024 | 178.20 billion | +12.0% |
India compared with similar countries
- India's 178.20 billion is above the median for lower middle income countries, which is -329.10 million. (46 countries reporting)
- India's 178.20 billion is above the median for South Asia, which is 1.60 billion, 111.2× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Services balance (credit less debit), Net (credits less debits) (US) in India changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +208.3% | 16.38 billion | 50.49 billion |
| 2006 | +118.0% | 5.01 billion | 10.93 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.53 billion | 5.01 billion | 50.49 billion | 5 |
| 2010s | 69.15 billion | 38.16 billion | 84.23 billion | 10 |
| 2020s | 131.93 billion | 87.11 billion | 178.20 billion | 5 |
Countries ranked near India
- 1 United States 311.87 billion compare
- 2 United Kingdom 247.50 billion compare
- 4 Spain 108.56 billion compare
- 5 Turkey 61.99 billion compare
- 6 France 61.21 billion 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 services balance (credit less debit), net (credits less debits) in India?
- Services balance (credit less debit), net (credits less debits) in India was 178.20 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in India?
- The highest recorded value was 178.20 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in India?
- The lowest recorded value was 5.01 billion in 2005.
- How does India rank for services balance (credit less debit), net (credits less debits)?
- India ranks 3rd out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in India?
- Over the last ten years it is up 134.2%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from International Monetary Fund, published as part of Services 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.