Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for India
INDFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.95
Year-over-Year Change
82.84%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding loans from commercial banks to households in India, providing insights into household financial services usage and access to credit.
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 Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for India series measures the total value of loans and advances extended by commercial banks to Indian households. This metric is closely monitored by policymakers and economists to assess household financial inclusion and the flow of credit to consumers.
Methodology
The data is collected and reported by the Reserve Bank of India.
Historical Context
This indicator is used to evaluate the effectiveness of financial inclusion initiatives and to inform policies aimed at promoting access to banking and credit services.
Key Facts
- India's outstanding household loans from commercial banks are equivalent to approximately 10% of its GDP.
- Household lending has grown steadily in India over the past decade.
- Improving financial inclusion is a key policy priority for the Indian government.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of loans and advances extended by commercial banks to Indian households, providing insights into household financial services usage and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers and economists to assess household financial inclusion and the flow of credit to consumers, which are important factors in evaluating the effectiveness of financial inclusion initiatives.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of India.
Q: How is this trend used in economic policy?
A: This indicator is used to inform policies aimed at promoting access to banking and credit services for Indian households.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Reserve Bank of India, with minimal update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for India (INDFCSODCHGGDPPT), retrieved from FRED.