Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for India
CRDQINBPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
180,802.94
Year-over-Year Change
52.40%
Date Range
4/1/1951 - 10/1/2024
Summary
This economic trend measures credit extended by domestic banks to the private non-financial sector in India, adjusted for statistical breaks. It provides insights into the availability of bank financing for businesses and consumers in the Indian economy.
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
The Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for India series tracks the total value of loans and other credit extended by Indian banks to the private sector, excluding the financial industry. This metric is used by economists and policymakers to assess the flow of credit and the overall health of the country's financial system.
Methodology
The data is collected by the Reserve Bank of India through surveys of domestic banking institutions.
Historical Context
This trend is closely monitored by the Indian government and central bank to inform monetary and lending policies.
Key Facts
- India's private sector credit grew by 13.5% year-over-year in 2022.
- Bank credit accounts for over 50% of total financing for the Indian private sector.
- The Reserve Bank of India aims to maintain adequate credit flow to support economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit extended by domestic banks in India to the private non-financial sector, adjusted for any statistical breaks in the data series.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the availability of bank financing for businesses and consumers, which is a key indicator of the overall health and growth potential of the Indian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Reserve Bank of India through surveys of domestic banking institutions in India.
Q: How is this trend used in economic policy?
A: The Indian government and central bank closely monitor this trend to inform monetary and lending policies aimed at supporting economic growth and development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to account for changes in reporting or statistical methodologies.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for India (CRDQINBPABIS), retrieved from FRED.