Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for India
INDFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.31
Year-over-Year Change
3.55%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks in India as a percentage of its gross domestic product (GDP). It provides insights into the use of financial services and the level of credit intermediation 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: Key Indicators, Outstanding Loans from Commercial Banks for India series represents the total value of outstanding loans from commercial banks in India, expressed as a percentage of the country's GDP. This metric is a important indicator of financial intermediation and the level of credit expansion in the Indian economy.
Methodology
The data is collected and calculated by the Indian central bank, the Reserve Bank of India (RBI).
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the health and development of India's financial sector.
Key Facts
- India's outstanding commercial bank loans were 57.1% of GDP in 2020.
- The trend has increased from 48.5% of GDP in 2010.
- Access to financial services is a key driver of economic growth in developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans from commercial banks in India as a percentage of the country's gross domestic product (GDP). It provides insights into the level of financial intermediation and credit expansion in the Indian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, economists, and financial analysts as it reflects the depth and development of India's financial sector, which is a key driver of economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Reserve Bank of India, the country's central banking institution.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this indicator to assess the health of the financial system, monitor credit growth, and implement policies to promote financial inclusion and stability in the Indian economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Reserve Bank of India, with some potential for minor delays in data reporting or revisions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for India (INDFCSODCGGDPPT), retrieved from FRED.