Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for India
INDFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
267,791.00
Year-over-Year Change
248.95%
Date Range
1/1/2005 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for India' trend measures the total number of ATMs installed across India. This metric is important for understanding the accessibility and financial inclusion of the Indian population.
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
This trend represents the total count of ATMs deployed nationwide in India. It serves as a key indicator of the level of banking infrastructure and the government's efforts to expand financial services to rural and underserved areas.
Methodology
The data is collected and reported by the Reserve Bank of India, the central banking institution of the country.
Historical Context
Policymakers and economists closely monitor this trend to assess progress in India's financial inclusion and digital transformation initiatives.
Key Facts
- India had over 300,000 ATMs as of 2021.
- ATM density in India is around 22 per 100,000 adults.
- The government aims to increase ATM penetration in rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of automated teller machines (ATMs) installed across India. It provides an indication of the country's banking infrastructure and financial access.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding India's progress in financial inclusion and the accessibility of banking services, particularly in rural and underserved areas.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of India, the central banking institution of the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the effectiveness of initiatives aimed at expanding financial services and digital transformation in India.
Q: Are there update delays or limitations?
A: The data is typically updated on a regular basis by the Reserve Bank of India, but there may be occasional delays or limitations in coverage.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for India (INDFCACNUM), retrieved from FRED.