Financial Development Index in India
India: Financial Development Index was 0.5158 in 2020. ▲ Rising
Financial Development Index in India, 1980–2020
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.
Financial Development Index in India, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1057 | — |
| 1981 | 0.1131 | +7.0% |
| 1982 | 0.1233 | +9.0% |
| 1983 | 0.123 | -0.2% |
| 1984 | 0.1401 | +13.9% |
| 1985 | 0.1608 | +14.8% |
| 1986 | 0.1853 | +15.2% |
| 1987 | 0.2187 | +18.0% |
| 1988 | 0.2298 | +5.1% |
| 1989 | 0.2629 | +14.4% |
| 1990 | 0.2767 | +5.2% |
| 1991 | 0.3277 | +18.4% |
| 1992 | 0.2885 | -12.0% |
| 1993 | 0.3187 | +10.4% |
| 1994 | 0.342 | +7.3% |
| 1995 | 0.3666 | +7.2% |
| 1996 | 0.3932 | +7.2% |
| 1997 | 0.4115 | +4.7% |
| 1998 | 0.4094 | -0.5% |
| 1999 | 0.4126 | +0.8% |
| 2000 | 0.4172 | +1.1% |
| 2001 | 0.4065 | -2.6% |
| 2002 | 0.4108 | +1.1% |
| 2003 | 0.419 | +2.0% |
| 2004 | 0.4313 | +2.9% |
| 2005 | 0.4396 | +1.9% |
| 2006 | 0.4557 | +3.7% |
| 2007 | 0.4336 | -4.9% |
| 2008 | 0.4656 | +7.4% |
| 2009 | 0.4924 | +5.8% |
| 2010 | 0.4612 | -6.3% |
| 2011 | 0.4283 | -7.1% |
| 2012 | 0.4057 | -5.3% |
| 2013 | 0.4029 | -0.7% |
| 2014 | 0.4198 | +4.2% |
| 2015 | 0.4224 | +0.6% |
| 2016 | 0.4206 | -0.4% |
| 2017 | 0.4362 | +3.7% |
| 2018 | 0.4519 | +3.6% |
| 2019 | 0.4462 | -1.3% |
| 2020 | 0.5158 | +15.6% |
India compared with similar countries
- India's 0.5158 is above the median for lower middle income countries, which is 0.1603, 3.2× the median. (45 countries reporting)
- India's 0.5158 is above the median for South Asia, which is 0.229, 2.3× the median. (6 countries reporting)
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
- 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 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 · JSON — 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.