Fossil-fuel subsidies in India
India: Fossil-fuel subsidies was 67.50 billion billions of current united states dollars in 2024. ▲ Rising
Latest (2024)
67.50 billion billions of current united states dollars
Change on year
up 6.9%
World rank
4th
of 189 countries
All-time high
67.50 billion billions of current united states dollars
in 2024
All-time low
22.86 billion billions of current united states dollars
in 2010
Years of data
15
2010–2024
Fossil-fuel subsidies in India, 2010–2024
Source: United Nations Environment Programme – with minor processing by Our World in Data. Measured in billions of current united states dollars.
Analysis
The most recent figure for fossil-fuel subsidies in India is 67.50 billion billions of current united states dollars, measured in 2024. That is the highest value across all 15 years on record.
The figure is up 6.9% on the previous year and up 65.8% over ten years.
Over the whole period, fossil-fuel subsidies in India peaked at 67.50 billion billions of current united states dollars in 2024 and was at its lowest, 22.86 billion billions of current united states dollars, in 2010.
India ranks 4th of 189 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Fossil-fuel subsidies in India, year by year
| Year | billions of current united states dollars | Change |
|---|---|---|
| 2010 | 22.86 billion billions of current united states dollars | — |
| 2011 | 43.13 billion billions of current united states dollars | +88.7% |
| 2012 | 46.30 billion billions of current united states dollars | +7.3% |
| 2013 | 52.66 billion billions of current united states dollars | +13.7% |
| 2014 | 40.72 billion billions of current united states dollars | -22.7% |
| 2015 | 28.54 billion billions of current united states dollars | -29.9% |
| 2016 | 25.99 billion billions of current united states dollars | -8.9% |
| 2017 | 28.00 billion billions of current united states dollars | +7.7% |
| 2018 | 37.49 billion billions of current united states dollars | +33.9% |
| 2019 | 28.35 billion billions of current united states dollars | -24.4% |
| 2020 | 25.54 billion billions of current united states dollars | -9.9% |
| 2021 | 36.17 billion billions of current united states dollars | +41.6% |
| 2022 | 61.47 billion billions of current united states dollars | +69.9% |
| 2023 | 63.13 billion billions of current united states dollars | +2.7% |
| 2024 | 67.50 billion billions of current united states dollars | +6.9% |
India compared with similar countries
- India's 67.50 billion billions of current united states dollars is above the median for lower middle income countries, which is 10.00 million billions of current united states dollars, 6750.0× the median. (45 countries reporting)
- India's 67.50 billion billions of current united states dollars is above the median for South Asia, which is 725.00 million billions of current united states dollars, 93.1× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 35.40 billion billions of current united states dollars | 22.86 billion billions of current united states dollars | 52.66 billion billions of current united states dollars | 10 |
| 2020s | 50.76 billion billions of current united states dollars | 25.54 billion billions of current united states dollars | 67.50 billion billions of current united states dollars | 5 |
Countries ranked near India
- 1 Russia 113.75 billion billions of current united states dollars compare
- 2 Iran 104.60 billion billions of current united states dollars compare
- 3 China 90.01 billion billions of current united states dollars compare
- 5 Saudi Arabia 47.44 billion billions of current united states dollars compare
- 6 Japan 45.11 billion billions of current united states dollars compare
- 7 Indonesia 34.79 billion billions of current united states dollars compare
More energy & mining data for India
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 0.7224 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2025)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 31.5% (2024)
Frequently asked questions
- What is fossil-fuel subsidies in India?
- Fossil-fuel subsidies in India was 67.50 billion billions of current united states dollars in 2024, according to United Nations Environment Programme – with minor processing by Our World in Data.
- What is the highest fossil-fuel subsidies recorded in India?
- The highest recorded value was 67.50 billion billions of current united states dollars in 2024.
- What is the lowest fossil-fuel subsidies recorded in India?
- The lowest recorded value was 22.86 billion billions of current united states dollars in 2010.
- How does India rank for fossil-fuel subsidies?
- India ranks 4th out of 189 countries with data for 2024.
- Is fossil-fuel subsidies rising or falling in India?
- Over the last ten years it is up 65.8%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from United Nations Environment Programme – with minor processing by Our World in Data, published as part of Fossil-fuel subsidies. Statizoid updates them automatically from the source API.
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About this data
Fossil-fuel subsidies (consumption and production) (billions of nominal United States dollars).