Broad money growth in India
India: Broad money growth was 11.3% in 2021. ▲ Rising
Broad money growth in India, 1961–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
India recorded 11.3% for broad money growth in 2021.
That represents a change of down 9.5% on the previous year and down 30.0% over ten years.
Over the whole period, broad money growth in India peaked at 24.5% in 1976 and was at its lowest, 3.2%, in 1961.
India ranks 70th of 166 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 61 years of available data.
Broad money growth in India, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 3.2% | — |
| 1962 | 9.6% | +199.2% |
| 1963 | 10.6% | +10.1% |
| 1964 | 9.4% | -11.1% |
| 1965 | 10.9% | +15.7% |
| 1966 | 11.2% | +2.9% |
| 1967 | 9.4% | -16.5% |
| 1968 | 9.5% | +1.7% |
| 1969 | 13.5% | +42.0% |
| 1970 | 12.0% | -11.0% |
| 1971 | 17.1% | +41.8% |
| 1972 | 15.4% | -9.8% |
| 1973 | 19.5% | +26.6% |
| 1974 | 12.2% | -37.3% |
| 1975 | 14.1% | +14.9% |
| 1976 | 24.5% | +74.2% |
| 1977 | 19.2% | -21.7% |
| 1978 | 21.2% | +10.4% |
| 1979 | 17.7% | -16.3% |
| 1980 | 15.9% | -10.2% |
| 1981 | 17.5% | +9.8% |
| 1982 | 17.2% | -1.4% |
| 1983 | 16.9% | -1.8% |
| 1984 | 18.0% | +6.5% |
| 1985 | 16.9% | -6.1% |
| 1986 | 17.9% | +6.2% |
| 1987 | 16.3% | -9.0% |
| 1988 | 18.3% | +12.1% |
| 1989 | 15.7% | -14.0% |
| 1990 | 15.1% | -4.2% |
| 1991 | 18.3% | +21.6% |
| 1992 | 16.9% | -7.9% |
| 1993 | 17.0% | +0.9% |
| 1994 | 20.3% | +19.2% |
| 1995 | 11.0% | -45.7% |
| 1996 | 18.7% | +70.2% |
| 1997 | 17.7% | -5.8% |
| 1998 | 18.2% | +2.9% |
| 1999 | 17.1% | -5.6% |
| 2000 | 15.2% | -11.5% |
| 2001 | 14.3% | -5.6% |
| 2002 | 16.8% | +17.0% |
| 2003 | 13.0% | -22.2% |
| 2004 | 16.7% | +28.4% |
| 2005 | 15.6% | -6.8% |
| 2006 | 21.6% | +38.7% |
| 2007 | 22.3% | +3.0% |
| 2008 | 20.5% | -8.0% |
| 2009 | 18.0% | -12.2% |
| 2010 | 17.8% | -1.1% |
| 2011 | 16.1% | -9.4% |
| 2012 | 11.0% | -31.6% |
| 2013 | 14.8% | +34.3% |
| 2014 | 10.6% | -28.6% |
| 2015 | 10.6% | +0.3% |
| 2016 | 6.8% | -35.9% |
| 2017 | 10.4% | +53.4% |
| 2018 | 10.5% | +0.8% |
| 2019 | 10.5% | -0.1% |
| 2020 | 12.5% | +18.7% |
| 2021 | 11.3% | -9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.7% | 3.2% | 13.5% | 9 |
| 1970s | 17.3% | 12.0% | 24.5% | 10 |
| 1980s | 17.1% | 15.7% | 18.3% | 10 |
| 1990s | 17.0% | 11.0% | 20.3% | 10 |
| 2000s | 17.4% | 13.0% | 22.3% | 10 |
| 2010s | 11.9% | 6.8% | 17.8% | 10 |
| 2020s | 11.9% | 11.3% | 12.5% | 2 |
Countries ranked near India
More financial sector data for India
- Total reserves in months of imports, annual growth rate 4.72 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -3.83 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1021 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 275.79 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -3.62 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 287.54 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 3.67 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 349.2 SDR per person (2025)
Frequently asked questions
- What is broad money growth in India?
- Broad money growth in India was 11.3% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in India?
- The highest recorded value was 24.5% in 1976.
- What is the lowest broad money growth recorded in India?
- The lowest recorded value was 3.2% in 1961.
- How does India rank for broad money growth?
- India ranks 70th out of 166 countries with data for 2021.
- Is broad money growth rising or falling in India?
- Over the last ten years it is down 30.0%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.