🇮🇳 India vs 🇨🇳 China

Live side-by-side comparison of government debt. China currently owes about 6.5× as much as India — a gap of $18.52 trillion. Updated every second from each country's baseline figure; sources below.

Among the 135 governments tracked here, India ranks 31st by debt-to-GDP and China 20th. Measured per person, India is 97th and China 41st.

Analysis

By total government debt, India ranks 8th and China 2nd among the 135 sovereigns tracked on this site.

On a per-citizen basis the picture can look different from the nominal totals: a resident's notional share of the government debt in China is roughly 6.9× that in India ($15,610 vs $2,274 per person).

The debt-to-GDP picture is asymmetric here: China sits at 99% of GDP, above India's 84%, meaning China owes far more relative to the size of its own economy — even where the nominal, dollar-for-dollar comparison above suggests otherwise.

The gap between them is widening: China's debt is growing faster in dollar terms ($99K/sec vs $3K/sec for India), adding roughly $8,364,384,000 to the difference each day.

Scale is part of the story too: India's population (1.48B) is about 1.1× China's (1.40B), which is part of why the nominal and per-capita comparisons above can point in different directions — a government's debt load scales loosely with the size of both its economy and its population, not either alone.

India and China are both grouped under this site's “Asia-Pacific” region, so this is, in effect, an intra-regional comparison as well.

This analysis is generated automatically from live data as an educational orientation, not financial advice — see the methodology page for definitions and caveats.

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