Financial System Deposits to GDP for India
DDDI08INA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.09
Year-over-Year Change
0.63%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Financial System Deposits to GDP for India' trend measures the value of deposits held by India's financial system as a percentage of its gross domestic product (GDP). This metric provides insight into the size and depth of India's financial sector relative to its overall 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
This indicator represents the total value of deposits held by India's banks, credit unions, and other financial institutions, divided by the country's GDP. It offers a gauge of the financial sector's role in mobilizing savings and facilitating economic activity.
Methodology
The data is collected and calculated by the World Bank based on reports from India's financial institutions and national accounts.
Historical Context
Policymakers and economists use this metric to assess the development and stability of India's financial system.
Key Facts
- India's financial system deposits were 70.8% of GDP in 2020.
- This metric has steadily increased from 55.1% in 2000.
- A higher ratio indicates a more developed financial sector.
FAQs
Q: What does this economic trend measure?
A: The 'Financial System Deposits to GDP for India' measures the total value of deposits held by India's banks, credit unions, and other financial institutions as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and depth of India's financial sector relative to its overall economy, which is important for assessing financial development and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on reports from India's financial institutions and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the development and stability of India's financial system, which is crucial for supporting economic growth and financial inclusion.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and updates, as the metric relies on financial institution and national account data from India.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for India (DDDI08INA156NWDB), retrieved from FRED.