Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for India
INDFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117,925,067,000,000.00
Year-over-Year Change
320.39%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in India. It provides insight into the level of household savings and financial activity 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 Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for India is an important indicator of household financial behavior and economic conditions. It reflects the amount of funds that Indian households have deposited with commercial banks, which can signal the overall level of savings and financial inclusion in the country.
Methodology
The data is collected by the Reserve Bank of India through surveys of commercial banks operating in India.
Historical Context
This trend is closely watched by policymakers and economists to assess the health of the Indian financial system and household financial security.
Key Facts
- India has over 1.3 billion people.
- The Indian banking sector has over $2 trillion in assets.
- Household deposits make up a significant portion of bank liabilities in India.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by Indian households at commercial banks. It provides insight into the level of household savings and financial activity in India.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the financial health and inclusion of Indian households. It is closely watched by policymakers, economists, and financial analysts to assess the overall state 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 commercial banks operating in India.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this trend to monitor household financial security and make decisions about monetary policy, financial regulation, and programs to promote financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or accuracy due to the self-reporting nature of the survey.
Related Trends
Value of Exports to India from Alaska
AKINDA052SCEN
Value of Exports to India from Illinois
ILINDA052SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for India
INDCP070000GYQ
National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for India
INDCINSQDSMEI
Nominal Changes in Inventories for India
NINVNSAXDCINQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for India
INDCP020000GYQ
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for India (INDFCLODCHXDC), retrieved from FRED.