🇮🇳 India vs 🇸🇬 Singapore

Live side-by-side comparison of government debt. India currently owes about 3.0× as much as Singapore — a gap of $2.25 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 Singapore 3rd. Measured per person, India is 97th and Singapore 1st.

Analysis

By total government debt, India ranks 8th and Singapore 13th 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 Singapore is roughly 79.5× that in India ($180,863 vs $2,275 per person).

The debt-to-GDP picture is asymmetric here: Singapore sits at 169% of GDP, well above India's 84%, meaning Singapore 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 narrowing: Singapore's debt is growing faster in dollar terms ($3K/sec vs $3K/sec for India), closing the difference by roughly $72,403,200 per day. At that pace — and holding both growth rates constant, a simplification, since real-world rates shift with fiscal policy — the two would reach a similar total in roughly 85 years.

Scale is part of the story too: India's population (1.48B) is about 241.2× Singapore's (6M), 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 Singapore 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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