Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for India
QINPBM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.10
Year-over-Year Change
8.09%
Date Range
4/1/1951 - 10/1/2024
Summary
This economic trend measures the total credit extended by banks to the private non-financial sector in India, adjusted for any statistical breaks. It provides insight into the availability of bank financing for businesses and households.
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 Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks metric tracks the volume of bank loans and other forms of credit made available to private companies, consumers, and other non-government entities in India. It is an important indicator of financial intermediation and overall credit conditions.
Methodology
The data is collected by the Bank for International Settlements (BIS) based on information reported by the Reserve Bank of India.
Historical Context
This trend is closely monitored by policymakers, banks, and economists to assess the state of credit markets and the flow of financing to the private sector.
Key Facts
- Credit to the private non-financial sector accounts for a significant portion of total bank lending in India.
- This metric has shown steady growth over the past decade, reflecting India's economic expansion.
- Fluctuations in this trend can signal changes in the availability of business and consumer financing.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total amount of credit extended by banks to private companies, consumers, and other non-government entities in India, adjusted for any statistical breaks in the data series.
Q: Why is this trend relevant for users or analysts?
A: The availability of bank financing to the private sector is a key indicator of economic activity and financial intermediation, making this trend important for policymakers, investors, and economists analyzing credit conditions in India.
Q: How is this data collected or calculated?
A: The data is collected by the Bank for International Settlements (BIS) based on information reported by the Reserve Bank of India.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this metric to assess the state of credit markets and the flow of financing to the private sector, which can inform monetary and financial stability policies.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it is dependent on reporting by the Reserve Bank of India and compilation by the BIS.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for India (QINPBM770A), retrieved from FRED.