India: Real interest rate

* indicates monthly or quarterly data series

Real interest rate: Bank lending rate minus inflation

 Latest value 1.70
 Year 2022
 Measure percent
 Data availability 1978 - 2022
 Average 5.63
 Min - Max -1.98 - 10.77
 Source The International Monetary Fund
For that indicator, we provide data for India from 1978 to 2022. The average value for India during that period was 5.63 percent with a minimum of -1.98 percent in 2010 and a maximum of 10.77 percent in 1978. The latest value from 2022 is 1.7 percent. For comparison, the world average in 2022 based on 92 countries is -0.73 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
India - Real interest rate - Recent values chart

Historical chart
India - Real interest rate - historical chart - 1978-2022

Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.

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 Related indicators Latest value Reference Measure
 Bank cost to income ratio 47.82 2021 percent
 Non-performing loans 6.54 2021 percent
 Bank overhead cost 1.85 2021 percent
 Net interest margin 3.18 2021 percent
 Bank credit to deposits 71.96 2021 percent
 Regulatory capital to risk-weighted assets 15.59 2020 percent
 Return on assets 1.16 2021 percent
 Return on equity 13.91 2021 percent
 Banking system z-scores 19.44 2021 index points
 Liquid assets to deposits 14.03 2021 percent
 Banking system capital to assets 8.10 2020 percent
 Non-interest income to total income 27.11 2021 percent
 Lending interest rate 8.57 2022 percent
 Real interest rate 1.70 2022 percent
 Legal rights 9.00 2019 points
 Credit information sharing 7.00 2019 points
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