Services, Credit/Revenue in India
India: Services, Credit/Revenue was 374.88 billion in 2024. ▲ Rising
Services, Credit/Revenue in India, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, credit/revenue in India stood at 374.88 billion. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 11.1% on the previous year and up 138.5% over ten years.
Over the whole period, services, credit/revenue in India peaked at 374.88 billion in 2024 and was at its lowest, 52.18 billion, in 2005.
That places India 8th out of 198 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Credit/Revenue in India, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 52.18 billion | — |
| 2006 | 69.44 billion | +33.1% |
| 2007 | 86.55 billion | +24.6% |
| 2008 | 106.05 billion | +22.5% |
| 2009 | 92.89 billion | -12.4% |
| 2010 | 117.07 billion | +26.0% |
| 2011 | 138.53 billion | +18.3% |
| 2012 | 145.53 billion | +5.1% |
| 2013 | 149.16 billion | +2.5% |
| 2014 | 157.20 billion | +5.4% |
| 2015 | 156.28 billion | -0.6% |
| 2016 | 161.82 billion | +3.5% |
| 2017 | 185.29 billion | +14.5% |
| 2018 | 204.96 billion | +10.6% |
| 2019 | 214.76 billion | +4.8% |
| 2020 | 203.15 billion | -5.4% |
| 2021 | 240.66 billion | +18.5% |
| 2022 | 309.37 billion | +28.6% |
| 2023 | 337.54 billion | +9.1% |
| 2024 | 374.88 billion | +11.1% |
India compared with similar countries
- India's 374.88 billion is above the median for lower middle income countries, which is 1.29 billion, 289.8× the median. (46 countries reporting)
- India's 374.88 billion is above the median for South Asia, which is 5.97 billion, 62.8× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 81.42 billion | 52.18 billion | 106.05 billion | 5 |
| 2010s | 163.06 billion | 117.07 billion | 214.76 billion | 10 |
| 2020s | 293.12 billion | 203.15 billion | 374.88 billion | 5 |
Countries ranked near India
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, credit/revenue in India?
- Services, credit/revenue in India was 374.88 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in India?
- The highest recorded value was 374.88 billion in 2024.
- What is the lowest services, credit/revenue recorded in India?
- The lowest recorded value was 52.18 billion in 2005.
- How does India rank for services, credit/revenue?
- India ranks 8th out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in India?
- Over the last ten years it is up 138.5%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (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.