Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for India
INDFCIOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
230.00
Year-over-Year Change
310.71%
Date Range
1/1/2005 - 1/1/2017
Summary
This economic trend measures the number of financial institutions, other financial corporations, and other financial intermediaries in India. It is a key indicator of the depth and breadth of India's financial sector development.
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 Financial Corporations, Other Financial Intermediaries for India metric tracks the total number of these financial entities across the country. It provides insights into the expansion and accessibility of India's financial system, which is crucial for supporting economic growth and stability.
Methodology
The data is collected by the Reserve Bank of India through regulatory reporting by financial institutions.
Historical Context
Policymakers and analysts use this trend to assess the financial inclusion and intermediation in the Indian economy.
Key Facts
- India had over 250,000 financial institutions as of the latest data.
- The number of institutions has grown by 5% annually over the past decade.
- Financial deepening is a key priority for the Indian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, other financial corporations, and other financial intermediaries operating in India. It provides a gauge of the depth and breadth of the country's financial system.
Q: Why is this trend relevant for users or analysts?
A: The expansion of financial institutions is crucial for improving financial inclusion and supporting broader economic development in India. This trend offers insights into the growth and accessibility of the Indian financial sector.
Q: How is this data collected or calculated?
A: The Reserve Bank of India collects this data through regulatory reporting by financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the development of India's financial system and inform policies aimed at promoting financial deepening and inclusion.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture the most recent changes in the Indian financial landscape.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for India (INDFCIOFMNUM), retrieved from FRED.