Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for India
INDFCSODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.13
Year-over-Year Change
11.98%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding small and medium enterprise (SME) loans from commercial banks in India, providing insights into the financing conditions for a key segment of the Indian economy.
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 Small and Medium Enterprises Loans from Commercial Banks for India metric measures the total value of loans extended by commercial banks to small and medium-sized enterprises in the country. This data point is a crucial indicator of the availability of credit and financial access for the SME sector, which is a major driver of economic growth and employment in India.
Methodology
The data is collected and reported by the Reserve Bank of India.
Historical Context
This indicator is closely monitored by policymakers, analysts, and investors to assess the health and financing conditions of the Indian SME sector.
Key Facts
- India's SME sector accounts for over 30% of the country's GDP.
- Outstanding SME loans from commercial banks in India totaled over $400 billion in 2021.
- The SME lending market in India grew at a CAGR of 10% from 2015 to 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of outstanding small and medium enterprise (SME) loans from commercial banks in India.
Q: Why is this trend relevant for users or analysts?
A: The SME lending market is a crucial barometer of financial access and credit conditions for a key segment of the Indian economy, making this indicator highly relevant for policymakers, investors, and analysts.
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: Policymakers closely monitor this indicator to assess the financing environment for SMEs and inform decisions on credit, regulatory, and support policies for this vital sector.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Reserve Bank of India, with minimal publication delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for India (INDFCSODCSGGDPPT), retrieved from FRED.