Bank deposits to GDP in India
India: Bank deposits to GDP was 72.1% in 2021. ◆ Volatile
Bank deposits to GDP in India, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, bank deposits to gdp in India stood at 72.1%.
That represents a change of down 5.8% on the previous year and up 4.5% over ten years.
Over the whole period, bank deposits to gdp in India peaked at 76.5% in 2020 and was at its lowest, 9.8%, in 1964.
That places India 66th out of 185 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bank deposits to GDP in India, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 10.8% | — |
| 1961 | 10.4% | -3.7% |
| 1962 | 10.7% | +2.7% |
| 1963 | 10.3% | -3.8% |
| 1964 | 9.8% | -4.3% |
| 1965 | 10.6% | +8.3% |
| 1966 | 11.0% | +3.0% |
| 1967 | 10.5% | -4.7% |
| 1968 | 11.1% | +6.0% |
| 1969 | 11.6% | +5.0% |
| 1970 | 12.4% | +6.2% |
| 1971 | 14.1% | +14.4% |
| 1972 | 15.5% | +9.5% |
| 1973 | 15.4% | -0.7% |
| 1974 | 15.0% | -2.1% |
| 1975 | 16.6% | +10.6% |
| 1976 | 20.0% | +20.0% |
| 1977 | 21.3% | +6.8% |
| 1978 | 24.4% | +14.5% |
| 1979 | 26.4% | +8.2% |
| 1980 | 25.7% | -2.6% |
| 1981 | 26.4% | +2.6% |
| 1982 | 27.8% | +5.4% |
| 1983 | 28.1% | +1.0% |
| 1984 | 29.4% | +4.5% |
| 1985 | 31.0% | +5.5% |
| 1986 | 33.2% | +6.9% |
| 1987 | 33.8% | +2.0% |
| 1988 | 34.1% | +0.9% |
| 1989 | 33.9% | -0.6% |
| 1990 | 33.2% | -2.0% |
| 1991 | 34.4% | +3.4% |
| 1992 | 35.5% | +3.5% |
| 1993 | 35.8% | +0.6% |
| 1994 | 36.4% | +1.9% |
| 1995 | 33.6% | -7.8% |
| 1996 | 35.1% | +4.4% |
| 1997 | 37.8% | +7.9% |
| 1998 | 39.5% | +4.4% |
| 1999 | 41.2% | +4.3% |
| 2000 | 45.0% | +9.2% |
| 2001 | 47.7% | +6.0% |
| 2002 | 52.0% | +9.1% |
| 2003 | 52.3% | +0.5% |
| 2004 | 53.8% | +2.8% |
| 2005 | 56.7% | +5.4% |
| 2006 | 60.0% | +5.8% |
| 2007 | 63.7% | +6.1% |
| 2008 | 66.5% | +4.4% |
| 2009 | 71.6% | +7.8% |
| 2010 | 69.3% | -3.2% |
| 2011 | 69.0% | -0.5% |
| 2012 | 68.0% | -1.4% |
| 2013 | 69.4% | +2.1% |
| 2014 | 68.6% | -1.2% |
| 2015 | 68.9% | +0.5% |
| 2016 | 71.3% | +3.5% |
| 2017 | 66.5% | -6.8% |
| 2018 | 64.4% | -3.2% |
| 2019 | 67.2% | +4.4% |
| 2020 | 76.5% | +13.9% |
| 2021 | 72.1% | -5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.7% | 9.8% | 11.6% | 10 |
| 1970s | 18.1% | 12.4% | 26.4% | 10 |
| 1980s | 30.3% | 25.7% | 34.1% | 10 |
| 1990s | 36.3% | 33.2% | 41.2% | 10 |
| 2000s | 56.9% | 45.0% | 71.6% | 10 |
| 2010s | 68.3% | 64.4% | 71.3% | 10 |
| 2020s | 74.3% | 72.1% | 76.5% | 2 |
Countries ranked near India
More financial sector data for India
- Net domestic credit (current LCU), per capita 213,661 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 79.06 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.56 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 990.63 million SDR (2025)
- Gold reserves at market value 90.27 billion SDR (2025)
- Reserves excluding gold, foreign exchange 403.72 billion SDR (2025)
- Reserves excluding gold 420.92 billion SDR (2025)
- Total reserves (gold at market value) 511.19 billion SDR (2025)
- Total reserves (gold at national valuation) 502.16 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 343.04 SDR per person (2025)
Frequently asked questions
- What is bank deposits to gdp in India?
- Bank deposits to gdp in India was 72.1% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in India?
- The highest recorded value was 76.5% in 2020.
- What is the lowest bank deposits to gdp recorded in India?
- The lowest recorded value was 9.8% in 1964.
- How does India rank for bank deposits to gdp?
- India ranks 66th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in India?
- Over the last ten years it is up 4.5%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).