Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for India
INDFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,535,899,000,000.00
Year-over-Year Change
609.82%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at other deposit-taking institutions in India. It provides insight into the financial services landscape and credit conditions in 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, Assets: Outstanding Loans at Other Deposit Takers for India series tracks the total value of outstanding loans made by financial institutions other than commercial banks in India. This metric offers a broader view of credit access and utilization within the country's financial system.
Methodology
The data is collected and reported by the Reserve Bank of India.
Historical Context
This trend is used by economists and policymakers to assess the depth and breadth of India's financial sector development.
Key Facts
- India has the fifth-largest banking system in the world.
- Other deposit-taking institutions play a significant role in India's financial services landscape.
- Loan growth is a key indicator of economic activity and credit availability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans made by financial institutions other than commercial banks in India, providing insight into the broader credit landscape.
Q: Why is this trend relevant for users or analysts?
A: This metric offers a more comprehensive view of credit conditions and financial sector development in India, which is crucial for economists and policymakers.
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: Analysts and policymakers use this trend to assess the depth and breadth of India's financial sector, which informs decisions on economic development and credit access policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Reserve Bank of India, but there may be occasional delays or revisions to the reported figures.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for India (INDFCSODDXDC), retrieved from FRED.