Credit to Private Non-Financial Sector by Domestic Banks, Unadjusted for Breaks, for India
CRDQINBPUBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
180,802.94
Year-over-Year Change
52.40%
Date Range
4/1/1951 - 10/1/2024
Summary
This economic trend measures the total amount of credit extended by domestic banks to the private non-financial sector in India, without adjustments for statistical breaks. It provides insight into the availability of bank financing for businesses and households.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Credit to Private Non-Financial Sector by Domestic Banks, Unadjusted for Breaks, for India metric tracks the outstanding loan volume from Indian banks to the private non-financial sector. This indicator is used by economists and policymakers to assess the health of India's credit markets and private sector access to financing.
Methodology
The data is collected by the Reserve Bank of India through its banking supervision and reporting frameworks.
Historical Context
This trend is monitored by the Indian government, central bank, and financial institutions to gauge the flow of credit and support for private economic activity.
Key Facts
- Credit to India's private non-financial sector totaled $1.7 trillion as of the latest data.
- Bank lending accounts for over 50% of India's total private sector financing.
- Credit growth has fluctuated between 5-15% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total amount of credit extended by domestic banks in India to the private non-financial sector, without adjustments for statistical breaks.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health and availability of bank financing for businesses and households in India, which is crucial for supporting private economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the Reserve Bank of India through its banking supervision and reporting frameworks.
Q: How is this trend used in economic policy?
A: The Indian government, central bank, and financial institutions monitor this trend to gauge the flow of credit and support for private sector growth.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and methodological changes of the Reserve Bank of India.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Domestic Banks, Unadjusted for Breaks, for India (CRDQINBPUBIS), retrieved from FRED.