China has $16.6t in government debt (96.3% of gdp), compared to $3.18t (80.4% of gdp) in india The chart below compares the two countries' gdp growth in both current (nominal) and constant dollars, accounting for inflation over time. Comprehensive overview of debt to gdp ratio by country, offering insights into the financial health and economic stability of various nations by comparing the amount of debt they hold against the size of their economies. General government gross debt (per cent of gdp) In 2024, gross debt on the indian government as a per cent of gdp stands at 82.5%, while china has 88.6% government. Government finance statistics yearbook and data files, international monetary fund ( imf ) license
For the purposes of comparability, government debt is expressed as a percentage of gross domestic product (gdp), i.e All liabilities of the state, including its federal states, cities and municipalities, are taken into account. From 1961 to 2024, china grew by more than 10% in 22 years, while india never did Gdp growth rate was negative in five years for both china and india Comparing economic statistics between china and india China vs india by gdp, gdp per capita and gdp growth rate.
India government debt accounted for 57.2 % of the country's nominal gdp in sep 2024, compared with the ratio of 57.1 % in the previous quarter India government debt to gdp ratio data is updated quarterly, available from mar 2012 to sep 2024. Generally, government debt as a percent of gdp is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. The chart has 2 y axes displaying percent of gdp and yaxisright Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future.
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