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India Private Credit (% GDP)

India's private credit (% GDP) fell to 50.14% in 2021, down from 54.51% in 2020, according to World Bank. This represents a decrease of 4.37% from the previous year. India has private credit (% GDP) higher than the global median (50.14% vs median 39.47%). Compared with the median in Asia, India is lower (50.14% vs regional median 59.91%) and ranks 23rd out of 41 countries in Asia.

Yearly Historical Data (1960-2021)

(in %)
Year Private Credit (% GDP)
2021 50.14%
2020 54.51%
2019 50.74%
2018 50.34%
2017 48.79%
2016 49.1%
2015 51.87%
2014 51.88%
2013 52.39%
2012 51.89%
2011 51.29%
2010 50.56%
2009 48.12%
2008 49.56%
2007 45.63%
2006 43.63%
2005 40.07%
2004 36.19%
2003 31.63%
2002 32.31%
2001 28.62%
2000 28.34%
1999 25.42%
1998 23.68%
1997 23.56%
1996 23.4%
1995 22.51%
1994 23.65%
1993 23.83%
1992 24.7%
1991 23.82%
1990 24.92%
1989 26.59%
1988 25.28%
1987 25.38%
1986 25.8%
1985 24.56%
1984 24.28%
1983 22.89%
1982 22.69%
1981 21.23%
1980 20.54%
1979 20.96%
1978 19.7%
1977 18.04%
1976 17.89%
1975 14.93%
1974 12.91%
1973 13.09%
1972 12.92%
1971 12.49%
1970 11.24%
1969 10.4%
1968 9.82%
1967 9.12%
1966 9.52%
1965 9.27%
1964 8.54%
1963 9.11%
1962 8.98%
1961 8.52%
1960 7.84%
India Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for India.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -0.6% -0.7% Dec'24
Debt to GDP Ratio 81.9% 81.8% Dec'24
Interest Rate 5.5% 5.5% Oct'25