India's net secondary income (net current transfers from abroad) (current LCU) was 10.54 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 160.14% from 4.05 trillion in 2014 (10.03% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 10.54 trillion | 2024 |
| Five years earlier | 5.4 trillion | 2019 |
| Ten years earlier | 4.05 trillion | 2014 |
| Highest | 10.54 trillion | 2024 |
| Lowest | 280 million | 1960 |
| Average since 2015 | 6.15 trillion | 2015–2024 |
| First recorded | 280 million |
What the numbers say
In 2024, India's net secondary income (net current transfers from abroad) (current LCU) rose 19.3% on 2023 (from 8.83 trillion to 10.54 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +15.8% and a typical year strayed about 21.2% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 152.8% in 1991 and the biggest yearly fall was 13% in 1995. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 709.61 billion a year. A straight line explains 88% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, India had the 3rd highest value of the 54 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to India in the 2024 ranking
- Lebanon — 1st of 54: 571.94 trillion
- Congo, Dem. Rep. — 3rd of 54: 3.8 trillion
- Philippines — 4th of 54: 1.79 trillion
- Iraq — 5th of 54: 464.62 billion
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 65 values
| Year | Net secondary income (net current transfers from abroad) (current LCU) |
|---|---|
| 2024 | 10,539,575,649,800 |
| 2023 | 8,832,149,062,700 |
| 2022 | 8,192,117,405,500 |
| 2021 | 6,054,439,093,000 |
| 2020 | 5,521,882,600,500 |
| 2019 | 5,403,640,335,000 |
| 2018 | 4,937,395,177,000 |
| 2017 | 4,057,402,100,300 |
| 2016 | 3,794,380,907,200 |
| 2015 | 4,130,827,769,000 |
Net secondary income (net current transfers from abroad) (current LCU) in nearby economies
- Bangladesh — 110.49 billion (2025)
- Bhutan — 12.98 billion (2024)
- Maldives — -9.52 billion (2025)
- Nepal — 1.87 trillion (2025)
- Sri Lanka — 2.39 trillion (2025)
More economic policy & debt data for India
- Total reserves, including gold (current US$) — US$700.07 billion (2025)
- Total reserves, excluding gold (current US$) — US$576.45 billion (2025)
- General government final consumption expenditure (current US$) — US$426.05 billion (2025)
- General government final consumption expenditure (current LCU) — 37.21 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$341.19 billion (2025)
- General government final consumption expenditure (constant LCU) — 32.99 trillion (2025)
- General government final consumption expenditure (% of GDP) — 10.77% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$2.24 trillion (2025)
Reading data like this
Questions people ask
- What is India's net secondary income (net current transfers from abroad) (current LCU)?
- 10.54 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 3.76 million% from 280 million in 1960 (17.89% a year on average, compounded). The highest value was 10.54 trillion in 2024 and the lowest 280 million in 1960.
- How does India rank?
- 3rd highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current LCU) unusual for India?
- In 2024, India's net secondary income (net current transfers from abroad) (current LCU) rose 19.3% on 2023 (from 8.83 trillion to 10.54 trillion). Across the 30 yearly changes before that (1994 to 2023), the average change was +15.8% and a typical year strayed about 21.2% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.TRF.NCTR.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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