Domestic credit to private sector in India
India: Domestic credit to private sector was 54.7% in 2020. ◆ Volatile
Domestic credit to private sector in India, 1960–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
In 2020, domestic credit to private sector in India stood at 54.7%. That is the highest value across all 61 years on record.
That represents a change of up 7.6% on the previous year and up 8.1% over ten years.
Over the whole period, domestic credit to private sector in India peaked at 54.7% in 2020 and was at its lowest, 7.8%, in 1960.
India ranks 80th of 187 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.
Domestic credit to private sector in India, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 7.8% | — |
| 1961 | 8.5% | +8.6% |
| 1962 | 9.0% | +5.5% |
| 1963 | 9.1% | +1.4% |
| 1964 | 8.5% | -6.3% |
| 1965 | 9.3% | +8.6% |
| 1966 | 9.5% | +2.6% |
| 1967 | 9.1% | -4.2% |
| 1968 | 9.8% | +7.7% |
| 1969 | 10.4% | +5.9% |
| 1970 | 11.2% | +8.0% |
| 1971 | 12.5% | +11.2% |
| 1972 | 12.9% | +3.4% |
| 1973 | 13.1% | +1.3% |
| 1974 | 12.9% | -1.4% |
| 1975 | 14.9% | +15.6% |
| 1976 | 17.9% | +19.8% |
| 1977 | 18.0% | +0.9% |
| 1978 | 19.7% | +9.2% |
| 1979 | 21.0% | +6.4% |
| 1980 | 20.5% | -2.0% |
| 1981 | 21.2% | +3.3% |
| 1982 | 22.7% | +6.9% |
| 1983 | 22.9% | +0.9% |
| 1984 | 24.3% | +6.1% |
| 1985 | 24.6% | +1.2% |
| 1986 | 25.8% | +5.0% |
| 1987 | 25.4% | -1.6% |
| 1988 | 25.3% | -0.4% |
| 1989 | 26.6% | +5.2% |
| 1990 | 24.9% | -6.3% |
| 1991 | 23.8% | -4.4% |
| 1992 | 24.7% | +3.7% |
| 1993 | 23.8% | -3.5% |
| 1994 | 23.6% | -0.8% |
| 1995 | 22.5% | -4.8% |
| 1996 | 23.4% | +4.0% |
| 1997 | 23.6% | +0.7% |
| 1998 | 23.7% | +0.5% |
| 1999 | 25.4% | +7.4% |
| 2000 | 28.3% | +11.5% |
| 2001 | 28.6% | +1.0% |
| 2002 | 32.3% | +12.9% |
| 2003 | 31.6% | -2.1% |
| 2004 | 36.2% | +14.4% |
| 2005 | 40.1% | +10.7% |
| 2006 | 43.6% | +8.9% |
| 2007 | 45.6% | +4.6% |
| 2008 | 49.6% | +8.6% |
| 2009 | 48.1% | -2.9% |
| 2010 | 50.6% | +5.1% |
| 2011 | 51.3% | +1.5% |
| 2012 | 51.9% | +1.2% |
| 2013 | 52.4% | +1.0% |
| 2014 | 51.9% | -1.0% |
| 2015 | 51.9% | -0.0% |
| 2016 | 49.1% | -5.3% |
| 2017 | 48.8% | -0.6% |
| 2018 | 50.3% | +3.2% |
| 2019 | 50.8% | +0.9% |
| 2020 | 54.7% | +7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.1% | 7.8% | 10.4% | 10 |
| 1970s | 15.4% | 11.2% | 21.0% | 10 |
| 1980s | 23.9% | 20.5% | 26.6% | 10 |
| 1990s | 23.9% | 22.5% | 25.4% | 10 |
| 2000s | 38.4% | 28.3% | 49.6% | 10 |
| 2010s | 50.9% | 48.8% | 52.4% | 10 |
| 2020s | 54.7% | 54.7% | 54.7% | 1 |
Countries ranked near India
- 77 Saint Kitts and Nevis 55.4% compare
- 78 Antigua and Barbuda 55.4% compare
- 79 Peru 55.2% compare
- 81 Colombia 54.3% compare
- 82 Saudi Arabia 54.0% compare
- 83 Dominica 53.2% 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 domestic credit to private sector in India?
- Domestic credit to private sector in India was 54.7% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in India?
- The highest recorded value was 54.7% in 2020.
- What is the lowest domestic credit to private sector recorded in India?
- The lowest recorded value was 7.8% in 1960.
- How does India rank for domestic credit to private sector?
- India ranks 80th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in India?
- Over the last ten years it is up 8.1%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.