India - Subsidies and other transfers (% of expense)

Subsidies and other transfers (% of expense) in India was 44.65 as of 2018. Its highest value over the past 28 years was 44.65 in 2018, while its lowest value was 25.50 in 2004.

Definition: Subsidies, grants, and other social benefits include all unrequited, nonrepayable transfers on current account to private and public enterprises; grants to foreign governments, international organizations, and other government units; and social security, social assistance benefits, and employer social benefits in cash and in kind.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1990 31.74
1991 33.01
1992 33.85
1993 34.05
1994 33.28
1995 33.19
1996 32.83
1997 32.32
1998 27.39
2002 42.62
2003 26.94
2004 25.50
2005 28.03
2006 31.25
2007 36.89
2008 32.29
2009 34.25
2010 36.99
2011 37.28
2012 38.83
2013 40.52
2014 37.73
2015 40.69
2016 42.67
2017 44.09
2018 44.65

Limitations and Exceptions: 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). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance