India: Real interest rate

The latest value from 2022 is 5.56 percent, an increase from 0.32 percent in 2021. In comparison, the world average is -0.45 percent, based on data from 94 countries. Historically, the average for India from 1978 to 2022 is 5.72 percent. The minimum value, -1.98 percent, was reached in 2010 while the maximum of 10.77 percent was recorded in 1978. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The 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. This indicator is expressed as a percentage (a÷b)*100.