Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for India
INDFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.00
Year-over-Year Change
-86.87%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of institutions, other depository corporations, and other deposit takers in India. It provides insights into the breadth and accessibility of the Indian financial system.
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 Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for India data series tracks the total number of financial institutions and deposit-taking entities across the country. This metric is used by economists and policymakers to assess the depth and coverage of India's banking and financial services infrastructure.
Methodology
The data is collected through regulatory reporting by the Reserve Bank of India.
Historical Context
This trend is relevant for understanding the evolution of India's financial inclusion and the accessibility of banking services.
Key Facts
- India had over 150,000 deposit-taking institutions as of the latest data.
- The number of deposit-taking entities has grown by 25% over the past decade.
- Rural areas account for a significant portion of the total institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, other depository corporations, and other deposit-taking entities operating across India.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the breadth and accessibility of India's banking and financial services infrastructure, which is crucial for assessing financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected through regulatory reporting by the Reserve Bank of India.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor the growth and distribution of deposit-taking institutions, informing efforts to expand financial inclusion and access to banking services.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in the number of institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for India (INDFCIODDNUM), retrieved from FRED.