Financial Development Index in India
India: Financial Development Index was 0.5158 in 2020. β² Rising
Financial Development Index in India, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in India stood at 0.5158. That is the highest value across all 41 years on record.
That represents a change of up 15.6% on the previous year and up 11.8% over ten years.
Over the whole period, financial development index in India peaked at 0.5158 in 2020 and was at its lowest, 0.1057, in 1980.
India ranks 36th of 183 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1663 | 0.1057 | 0.2629 | 10 |
| 1990s | 0.3547 | 0.2767 | 0.4126 | 10 |
| 2000s | 0.4372 | 0.4065 | 0.4924 | 10 |
| 2010s | 0.4295 | 0.4029 | 0.4612 | 10 |
| 2020s | 0.5158 | 0.5158 | 0.5158 | 1 |
Countries ranked near India
More financial sector data for India
- Net domestic credit (current LCU), per capita 213,661 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 79.06 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.56 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 990.63 million SDR (2025)
- Gold reserves at market value 90.27 billion SDR (2025)
- Reserves excluding gold, foreign exchange 403.72 billion SDR (2025)
- Reserves excluding gold 420.92 billion SDR (2025)
- Total reserves (gold at market value) 511.19 billion SDR (2025)
- Total reserves (gold at national valuation) 502.16 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 343.04 SDR per person (2025)
Frequently asked questions
- What is financial development index in India?
- Financial development index in India was 0.5158 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in India?
- The highest recorded value was 0.5158 in 2020.
- What is the lowest financial development index recorded in India?
- The lowest recorded value was 0.1057 in 1980.
- How does India rank for financial development index?
- India ranks 36th out of 183 countries with data for 2020.
- Is financial development index rising or falling in India?
- Over the last ten years it is up 11.8%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.