Total Credit to Non-Financial Corporations, Adjusted for Breaks, for India
Billions of Indian Rupees
CRDQINANABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164,643.24
Year-over-Year Change
39.95%
Date Range
4/1/2007 - 10/1/2024
Summary
The 'Billions of Indian Rupees' trend measures the total value of credit in the Indian economy. It is a key indicator of financial activity and economic growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the total value of outstanding credit in the Indian banking system, including loans, overdrafts, and other credit facilities. It is used by economists and policymakers to assess the availability of financing and overall financial conditions.
Methodology
The data is collected by the Reserve Bank of India through reports from commercial banks and other lenders.
Historical Context
The credit volume trend provides important insights into India's economic trajectory and the efficacy of monetary and lending policies.
Key Facts
- India is the world's fifth-largest economy by nominal GDP.
- Credit growth is a leading indicator of investment and consumer spending.
- Outstanding credit in India topped 100 trillion rupees in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Indian Rupees' trend tracks the total value of outstanding credit in the Indian banking system, including loans, overdrafts, and other credit facilities.
Q: Why is this trend relevant for users or analysts?
A: This credit volume metric is a key indicator of financial activity and economic growth in India, providing insights into investment, spending, and the efficacy of lending policies.
Q: How is this data collected or calculated?
A: The data is collected by the Reserve Bank of India through reports from commercial banks and other lenders.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this credit volume trend to assess the availability of financing and overall financial conditions in the Indian economy, informing monetary and lending policies.
Q: Are there update delays or limitations?
A: The data is published with a short lag, and the series may not capture all forms of credit in the Indian financial system.
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Citation
U.S. Federal Reserve, Billions of Indian Rupees (CRDQINANABIS), retrieved from FRED.