Broad money in India
India: Broad money was 82.1% in 2021. ▲ Rising
Broad money in India, 1960–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2021, broad money in India stood at 82.1%.
The figure is down 6.4% on the previous year and up 4.1% over ten years.
Over the whole period, broad money in India peaked at 87.7% in 2020 and was at its lowest, 19.1%, in 1967.
India ranks 45th of 166 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Broad money in India, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 22.1% | — |
| 1961 | 21.5% | -2.6% |
| 1962 | 21.9% | +2.0% |
| 1963 | 21.1% | -3.7% |
| 1964 | 19.8% | -6.2% |
| 1965 | 20.8% | +5.2% |
| 1966 | 20.5% | -1.8% |
| 1967 | 19.1% | -6.6% |
| 1968 | 19.8% | +3.4% |
| 1969 | 20.4% | +3.1% |
| 1970 | 21.4% | +4.9% |
| 1971 | 23.4% | +9.3% |
| 1972 | 24.5% | +4.7% |
| 1973 | 24.0% | -1.8% |
| 1974 | 22.8% | -4.9% |
| 1975 | 24.3% | +6.2% |
| 1976 | 28.0% | +15.5% |
| 1977 | 29.5% | +5.2% |
| 1978 | 33.0% | +11.9% |
| 1979 | 35.4% | +7.3% |
| 1980 | 34.5% | -2.6% |
| 1981 | 34.5% | -0.0% |
| 1982 | 36.1% | +4.8% |
| 1983 | 36.2% | +0.4% |
| 1984 | 38.2% | +5.3% |
| 1985 | 39.5% | +3.6% |
| 1986 | 41.7% | +5.4% |
| 1987 | 42.6% | +2.3% |
| 1988 | 42.5% | -0.3% |
| 1989 | 42.8% | +0.7% |
| 1990 | 42.2% | -1.5% |
| 1991 | 43.4% | +2.9% |
| 1992 | 44.1% | +1.7% |
| 1993 | 44.9% | +1.7% |
| 1994 | 46.0% | +2.5% |
| 1995 | 43.5% | -5.4% |
| 1996 | 44.7% | +2.6% |
| 1997 | 47.5% | +6.2% |
| 1998 | 48.9% | +3.0% |
| 1999 | 51.1% | +4.4% |
| 2000 | 54.6% | +7.0% |
| 2001 | 57.7% | +5.7% |
| 2002 | 62.6% | +8.5% |
| 2003 | 63.2% | +0.9% |
| 2004 | 64.6% | +2.3% |
| 2005 | 65.5% | +1.4% |
| 2006 | 68.1% | +3.8% |
| 2007 | 72.3% | +6.2% |
| 2008 | 77.4% | +7.0% |
| 2009 | 79.1% | +2.2% |
| 2010 | 77.7% | -1.8% |
| 2011 | 78.8% | +1.5% |
| 2012 | 76.9% | -2.4% |
| 2013 | 78.2% | +1.6% |
| 2014 | 77.9% | -0.4% |
| 2015 | 78.0% | +0.1% |
| 2016 | 74.5% | -4.4% |
| 2017 | 74.1% | -0.5% |
| 2018 | 74.1% | -0.1% |
| 2019 | 77.0% | +3.9% |
| 2020 | 87.7% | +13.9% |
| 2021 | 82.1% | -6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.7% | 19.1% | 22.1% | 10 |
| 1970s | 26.6% | 21.4% | 35.4% | 10 |
| 1980s | 38.9% | 34.5% | 42.8% | 10 |
| 1990s | 45.6% | 42.2% | 51.1% | 10 |
| 2000s | 66.5% | 54.6% | 79.1% | 10 |
| 2010s | 76.7% | 74.1% | 78.8% | 10 |
| 2020s | 84.9% | 82.1% | 87.7% | 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 in India?
- Broad money in India was 82.1% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in India?
- The highest recorded value was 87.7% in 2020.
- What is the lowest broad money recorded in India?
- The lowest recorded value was 19.1% in 1967.
- How does India rank for broad money?
- India ranks 45th out of 166 countries with data for 2021.
- Is broad money rising or falling in India?
- Over the last ten years it is up 4.1%. 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 (% of GDP). 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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.