Broad money growth (annual %) in India
India: Broad money growth (annual %) 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 72nd of 167 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 (annual %) 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% |
India compared with similar countries
- India's 11.3% is below the median for lower middle income countries, which is 12.4%, 91% of the median. (46 countries reporting)
- India's 11.3% is below the median for South Asia, which is 11.4%, 99% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Broad money growth (annual %) in India changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1962 | +199.2% | 3.2% | 9.6% |
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
- Reserve position in the IMF, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.8 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.38 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.8 % change on previous year (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 72nd out of 167 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.