India - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in India was 54.80 as of 2020. Its highest value over the past 60 years was 54.80 in 2020, while its lowest value was 7.84 in 1960.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 7.84
1961 8.52
1962 8.98
1963 9.11
1964 8.54
1965 9.27
1966 9.52
1967 9.12
1968 9.82
1969 10.40
1970 11.24
1971 12.49
1972 12.92
1973 13.09
1974 12.91
1975 14.93
1976 17.89
1977 18.04
1978 19.70
1979 20.96
1980 20.54
1981 21.23
1982 22.69
1983 22.89
1984 24.28
1985 24.56
1986 25.80
1987 25.38
1988 25.28
1989 26.59
1990 24.92
1991 23.82
1992 24.70
1993 23.83
1994 23.65
1995 22.51
1996 23.40
1997 23.56
1998 23.68
1999 25.42
2000 28.34
2001 28.62
2002 32.31
2003 31.63
2004 36.19
2005 40.07
2006 43.63
2007 45.63
2008 49.56
2009 48.12
2010 50.56
2011 51.29
2012 51.89
2013 52.39
2014 51.88
2015 51.87
2016 49.10
2017 48.79
2018 50.37
2019 50.13
2020 54.80

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets