Broad money to total reserves ratio (International Financial) in India
India: Broad money to total reserves ratio (International Financial) was 4.07 in 2021. ◆ Volatile
Broad money to total reserves ratio in India, 1960–2021
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
India recorded 4.07 for broad money to total reserves ratio in 2021.
The figure is up 2.5% on the previous year and down 15.3% over ten years.
Over the whole period, broad money to total reserves ratio in India peaked at 24.02 in 1990 and was at its lowest, 3.18, in 2007.
India ranks 51st of 159 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money to total reserves ratio (International Financial) in India, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 12.12 | — |
| 1961 | 12.66 | +4.5% |
| 1962 | 18.03 | +42.4% |
| 1963 | 16.82 | -6.7% |
| 1964 | 22.41 | +33.2% |
| 1965 | 20.65 | -7.9% |
| 1966 | 15.3 | -25.9% |
| 1967 | 14.43 | -5.7% |
| 1968 | 14.36 | -0.5% |
| 1969 | 12.84 | -10.6% |
| 1970 | 13.04 | +1.6% |
| 1971 | 12.63 | -3.1% |
| 1972 | 12.79 | +1.2% |
| 1973 | 12.61 | -1.4% |
| 1974 | 9.78 | -22.5% |
| 1975 | 11.57 | +18.4% |
| 1976 | 7.72 | -33.3% |
| 1977 | 5.89 | -23.8% |
| 1978 | 5.44 | -7.5% |
| 1979 | 4.58 | -15.8% |
| 1980 | 5.35 | +16.7% |
| 1981 | 8.22 | +53.8% |
| 1982 | 8.79 | +6.9% |
| 1983 | 9.63 | +9.5% |
| 1984 | 9.48 | -1.5% |
| 1985 | 9.68 | +2.1% |
| 1986 | 9.9 | +2.2% |
| 1987 | 10.33 | +4.4% |
| 1988 | 13.72 | +32.8% |
| 1989 | 15.75 | +14.8% |
| 1990 | 24.02 | +52.5% |
| 1991 | 15.4 | -35.9% |
| 1992 | 13.34 | -13.4% |
| 1993 | 8.54 | -36.0% |
| 1994 | 6.22 | -27.2% |
| 1995 | 6.86 | +10.3% |
| 1996 | 7.05 | +2.8% |
| 1997 | 6.95 | -1.4% |
| 1998 | 6.72 | -3.3% |
| 1999 | 6.51 | -3.2% |
| 2000 | 6.23 | -4.2% |
| 2001 | 5.71 | -8.3% |
| 2002 | 4.5 | -21.2% |
| 2003 | 3.7 | -17.8% |
| 2004 | 3.48 | -5.9% |
| 2005 | 3.9 | +12.0% |
| 2006 | 3.59 | -7.9% |
| 2007 | 3.18 | -11.5% |
| 2008 | 3.6 | +13.3% |
| 2009 | 3.73 | +3.4% |
| 2010 | 4.33 | +16.2% |
| 2011 | 4.81 | +11.1% |
| 2012 | 4.68 | -2.7% |
| 2013 | 4.87 | +4.1% |
| 2014 | 4.89 | +0.3% |
| 2015 | 4.64 | -4.9% |
| 2016 | 4.73 | +1.8% |
| 2017 | 4.76 | +0.7% |
| 2018 | 5.02 | +5.3% |
| 2019 | 4.71 | -6.1% |
| 2020 | 3.97 | -15.6% |
| 2021 | 4.07 | +2.5% |
India compared with similar countries
- India's 4.07 is above the median for lower middle income countries, which is 2.83, 1.4× the median. (42 countries reporting)
- India's 4.07 is below the median for South Asia, which is 4.4, 92% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 15.96 | 12.12 | 22.41 | 10 |
| 1970s | 9.61 | 4.58 | 13.04 | 10 |
| 1980s | 10.09 | 5.35 | 15.75 | 10 |
| 1990s | 10.16 | 6.22 | 24.02 | 10 |
| 2000s | 4.16 | 3.18 | 6.23 | 10 |
| 2010s | 4.74 | 4.33 | 5.02 | 10 |
| 2020s | 4.02 | 3.97 | 4.07 | 2 |
Countries ranked near India
- 48 Saint Kitts and Nevis 4.35 compare
- 49 South Africa 4.32 compare
- 50 Kenya 4.2 compare
- 52 Hong Kong 4.04 compare
- 53 Saint Lucia 3.96 compare
- 54 Indonesia 3.93 compare
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 to total reserves ratio in India?
- Broad money to total reserves ratio in India was 4.07 in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in India?
- The highest recorded value was 24.02 in 1990.
- What is the lowest broad money to total reserves ratio recorded in India?
- The lowest recorded value was 3.18 in 2007.
- How does India rank for broad money to total reserves ratio?
- India ranks 51st out of 159 countries with data for 2021.
- Is broad money to total reserves ratio rising or falling in India?
- Over the last ten years it is down 15.3%. The long-run trend across the full record is volatile.
- 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 to total reserves ratio. 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. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).