Bound rate, simple mean, all products (%) in India
India: Bound rate, simple mean, all products (%) was 52.0% in 2021. ▲ Rising
Bound rate, simple mean, all products in India, 1996–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2021, bound rate, simple mean, all products in India stood at 52.0%. That is the highest value across all 24 years on record.
That represents a change of up 1.0% over ten years.
Over the whole period, bound rate, simple mean, all products in India peaked at 52.0% in 2017 and was at its lowest, 49.1%, in 2008.
That places India 36th out of 157 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Bound rate, simple mean, all products (%) in India, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 49.6% | — |
| 1997 | 49.6% | +0.0% |
| 1999 | 49.6% | +0.0% |
| 2000 | 49.6% | +0.0% |
| 2001 | 49.6% | +0.0% |
| 2002 | 51.2% | +3.1% |
| 2003 | 49.4% | -3.5% |
| 2004 | 49.4% | +0.0% |
| 2005 | 49.4% | -0.0% |
| 2006 | 49.4% | -0.1% |
| 2007 | 49.2% | -0.4% |
| 2008 | 49.1% | -0.1% |
| 2009 | 49.1% | +0.0% |
| 2010 | 49.1% | -0.0% |
| 2011 | 51.5% | +4.8% |
| 2012 | 51.4% | -0.1% |
| 2013 | 51.4% | -0.0% |
| 2015 | 51.9% | +1.1% |
| 2016 | 51.9% | +0.0% |
| 2017 | 52.0% | +0.1% |
| 2018 | 52.0% | +0.0% |
| 2019 | 52.0% | +0.0% |
| 2020 | 52.0% | +0.0% |
| 2021 | 52.0% | +0.0% |
India compared with similar countries
- India's 52.0% is above the median for lower middle income countries, which is 40.1%, 1.3× the median. (39 countries reporting)
- India's 52.0% is above the median for South Asia, which is 36.6%, 1.4× the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 49.6% | 49.6% | 49.6% | 3 |
| 2000s | 49.5% | 49.1% | 51.2% | 10 |
| 2010s | 51.5% | 49.1% | 52.0% | 9 |
| 2020s | 52.0% | 52.0% | 52.0% | 2 |
Countries ranked near India
- 33 Guyana 57.2% compare
- 34 Grenada 56.6% compare
- 35 Trinidad and Tobago 56.0% compare
- 37 Jamaica 50.6% compare
- 38 Guinea-Bissau 48.5% compare
- 39 Sierra Leone 47.3% compare
More private sector data for India
- Merchandise trade 30.3% (2025)
- Food imports 5.0% (2025)
- Manufactures imports 49.6% (2025)
- Merchandise imports 753.48 billion current US$ (2025)
- Commercial service imports 201.38 billion current US$ (2025)
- Food exports 11.9% (2025)
- Manufactures exports 70.1% (2025)
- Merchandise exports 445.28 billion current US$ (2025)
- Commercial service exports 411.63 billion current US$ (2025)
- Merchandise exports (current US$), per capita 304.18 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in India?
- Bound rate, simple mean, all products in India was 52.0% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in India?
- The highest recorded value was 52.0% in 2017.
- What is the lowest bound rate, simple mean, all products recorded in India?
- The lowest recorded value was 49.1% in 2008.
- How does India rank for bound rate, simple mean, all products?
- India ranks 36th out of 157 countries with data for 2021.
- Is bound rate, simple mean, all products rising or falling in India?
- Over the last ten years it is up 1.0%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Bound rate, simple mean, all products (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.