Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for India
INDFCAKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.07
Year-over-Year Change
248.95%
Date Range
1/1/2005 - 1/1/2023
Summary
The 'Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for India' series measures the geographic density of automated teller machines (ATMs) across India. This metric is important for assessing financial inclusion and access to banking services in rural and underserved regions.
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 series tracks the number of ATMs per 1,000 square kilometers in India, providing insight into the physical distribution and availability of cash withdrawal and deposit services. It is a key indicator of a country's financial infrastructure and the government's efforts to expand banking access, especially in remote areas.
Methodology
The data is collected and reported by the Reserve Bank of India (RBI).
Historical Context
Policymakers use this metric to evaluate the progress of financial inclusion initiatives and guide decisions on expanding ATM networks.
Key Facts
- India had 22.1 ATMs per 1,000 Km2 as of 2020.
- ATM density in India has increased by 34% since 2010.
- The government aims to further expand ATM networks to underserved rural areas.
FAQs
Q: What does this economic trend measure?
A: This series measures the geographic density of automated teller machines (ATMs) across India, providing an indicator of financial infrastructure and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and the progress of government initiatives to expand banking access, especially in remote and underserved regions of India.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of India (RBI).
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate the progress of financial inclusion initiatives and guide decisions on expanding ATM networks in India.
Q: Are there update delays or limitations?
A: The data is reported regularly by the RBI, but there may be some delays in availability.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for India (INDFCAKNUM), retrieved from FRED.