Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for India
INDFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,026,985,000,000.00
Year-over-Year Change
276.72%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in India. It provides insights into the availability of credit and financing for the vital SME sector, which is a key driver of economic growth.
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 outstanding loans to SMEs at commercial banks in India is an important indicator of the health and access to financing for this critical business segment. It reflects the level of credit extended by the banking system to support the growth and operations of small and medium-sized enterprises.
Methodology
The data is collected and reported by the Reserve Bank of India.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the flow of credit to SMEs and the overall financing conditions for this important part of the Indian economy.
Key Facts
- SMEs account for over 30% of India's GDP.
- Lending to SMEs has grown at over 10% annually in recent years.
- Access to credit is a key challenge for many small businesses in India.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in India. It provides insight into the level of credit extended to this crucial business segment.
Q: Why is this trend relevant for users or analysts?
A: The availability of credit for SMEs is a key indicator of the overall health and financing conditions for this vital part of the Indian economy. Policymakers and market analysts closely monitor this trend.
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 and market analysts use this trend to assess the flow of credit to SMEs and the overall financing conditions for this important segment of the Indian economy.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Reserve Bank of India, with minimal delays.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for India (INDFCSODCSXDC), retrieved from FRED.