Bank Deposits to GDP for India
DDOI02INA156NWDB • 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 'Bank Deposits to GDP for India' trend measures the ratio of total bank deposits to the country's gross domestic product, providing insight into the financial depth and intermediation of 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
This indicator represents the level of financial intermediation and monetization in the Indian economy. It is used by economists and policymakers to assess the financial sector's development and the public's engagement with the formal banking system.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Tracking this ratio is important for understanding financial inclusion, the efficacy of monetary policy, and the overall stability of the Indian financial system.
Key Facts
- India's bank deposits to GDP ratio was 69.4% in 2020.
- The ratio has steadily increased from 51.6% in 2000.
- High ratios indicate a well-developed financial sector.
FAQs
Q: What does this economic trend measure?
A: The 'Bank Deposits to GDP for India' trend measures the ratio of total bank deposits to the country's gross domestic product, providing insight into the financial depth and intermediation of the Indian economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for understanding financial inclusion, the efficacy of monetary policy, and the overall stability of the Indian financial system.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this ratio to assess the financial sector's development and the public's engagement with the formal banking system in India.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for India (DDOI02INA156NWDB), retrieved from FRED.