India: Subsidies and other transfers (current LCU)

Key figures

What the numbers say

On record, the biggest yearly rise was 36.5% in 2007 and the biggest yearly fall was 31.3% in 2003. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to India in the 2022 ranking

• Lao PDR — 2nd of 8: 2.63 trillion
• Congo, Dem. Rep. — 3rd of 8: 1.89 trillion
• Serbia — 4th of 8: 1.58 trillion

What this measures

Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 27 values

Subsidies and other transfers (current LCU) in nearby economies

• Bangladesh — 1 trillion (2021)
• Bhutan — 6.96 billion (2020)
• Maldives — 6.83 billion (2021)
• Nepal — 707.06 billion (2023)
• Sri Lanka — 1.04 trillion (2023)

More public sector data for India

• Arms imports (SIPRI trend indicator values) — 2.86 billion (2025)
• Military expenditure (current USD) — 92.06 billion (2025)
• Military expenditure (current LCU) — 8.02 trillion (2025)
• Military expenditure (% of GDP) — 2.3% (2025)
• Net acquisition of financial assets (current LCU) — 3.89 trillion (2022)
• Net acquisition of financial assets (% of GDP) — 1.49% (2022)
• Net incurrence of liabilities, total (current LCU) — 17.63 trillion (2022)
• Net incurrence of liabilities, total (% of GDP) — 6.75% (2022)
• Net investment in nonfinancial assets (current LCU) — 2.39 trillion (2022)
• Net investment in nonfinancial assets (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is India's subsidies and other transfers (current LCU)?

15.24 trillion in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 5,284% from 283.11 billion in 1990 (13.27% a year on average, compounded). The highest value was 15.24 trillion in 2022 and the lowest 283.11 billion in 1990.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator GC.XPN.TRFT.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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