Government Spending in India increased to 4866.36 INR Billion in the second quarter of 2020 from 3807.47 INR Billion in the first quarter of 2020.

Government Spending in India averaged 2227.29 INR Billion from 2004 until 2020, reaching an all time high of 4866.36 INR Billion in the second quarter of 2020 and a record low of 735.82 INR Billion in the second quarter of 2004. This page provides - India Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Government Spending - values, historical data and charts - was last updated on October of 2020. source: Ministry of Statistics and Programme Implementation (MOSPI)

Government Spending in India is expected to be 4424.00 INR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in India to stand at 4379.00 in 12 months time. In the long-term, the India Government Spending is projected to trend around 3927.00 INR Billion in 2021 and 4084.00 INR Billion in 2022, according to our econometric models.

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India Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
4866.36 3807.47 4866.36 735.82 2004 - 2020 INR Billion Quarterly
2011-2012=100, NSA

India Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.62 68.30 83.23 47.94 percent [+]
Government Budget -4.59 -3.34 -2.53 -8.13 percent of GDP [+]
Government Budget Value -8703.00 -8213.49 -94.06 -10364.85 INR Billion [+]
Government Spending 4866.36 3807.47 4866.36 735.82 INR Billion [+]
Government Revenues 3773.06 2328.60 17507.27 0.82 INR Billion [+]
Fiscal Expenditure 12476.53 10542.09 26863.62 136.55 INR Billion [+]
Credit Rating 56.00 [+]
Military Expenditure 66578.00 64559.00 66578.00 2759.00 USD Million [+]
Government Spending To GDP 13.21 12.93 19.42 11.81 percent of GDP [+]

India Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.