Private credit by deposit money banks and other financial in India
India: Private credit by deposit money banks and other financial was 51.9% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in India, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
India recorded 51.9% for private credit by deposit money banks and other financial in 2021.
That represents a change of down 8.0% on the previous year and down 0.8% over ten years.
Over the whole period, private credit by deposit money banks and other financial in India peaked at 56.4% in 2020 and was at its lowest, 7.8%, in 1960.
India ranks 85th 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.
Private credit by deposit money banks and other financial in India, year by year
| Year | % | 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 | 41.6% | +15.0% |
| 2006 | 45.8% | +10.1% |
| 2007 | 47.4% | +3.4% |
| 2008 | 50.1% | +5.6% |
| 2009 | 51.2% | +2.1% |
| 2010 | 52.9% | +3.4% |
| 2011 | 52.3% | -1.1% |
| 2012 | 53.5% | +2.3% |
| 2013 | 54.0% | +0.9% |
| 2014 | 53.0% | -1.9% |
| 2015 | 53.3% | +0.7% |
| 2016 | 50.5% | -5.3% |
| 2017 | 50.1% | -0.7% |
| 2018 | 50.9% | +1.5% |
| 2019 | 51.7% | +1.5% |
| 2020 | 56.4% | +9.1% |
| 2021 | 51.9% | -8.0% |
India compared with similar countries
- India's 51.9% is above the median for lower middle income countries, which is 24.6%, 2.1× the median. (46 countries reporting)
- India's 51.9% is above the median for South Asia, which is 50.8%, 1.0× the median. (6 countries reporting)
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 | 39.3% | 28.3% | 51.2% | 10 |
| 2010s | 52.2% | 50.1% | 54.0% | 10 |
| 2020s | 54.1% | 51.9% | 56.4% | 2 |
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 private credit by deposit money banks and other financial in India?
- Private credit by deposit money banks and other financial in India was 51.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in India?
- The highest recorded value was 56.4% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in India?
- The lowest recorded value was 7.8% in 1960.
- How does India rank for private credit by deposit money banks and other financial?
- India ranks 85th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in India?
- Over the last ten years it is down 0.8%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)