India: Financial development

* indicates monthly or quarterly data series
 India

Financial development

 Latest value 0.534
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.372
 Min - Max 0.121 - 0.539
 Source International Monetary Fund
For that indicator, we provide data for India from 1980 to 2021. The average value for India during that period was 0.372 index points with a minimum of 0.121 index points in 1980 and a maximum of 0.539 index points in 2020. The latest value from 2021 is 0.534 index points. For comparison, the world average in 2021 based on 178 countries is 0.331 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
India - Financial development - Recent values chart

Historical chart
India - Financial development - historical chart - 1980-2021




Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.


 Related indicators Latest value Reference Measure
 Financial development 0.534 2021 index points
 Financial institutions development 0.464 2021 index points
 Financial institutions development, depth 0.389 2021 index points
 Financial institutions development, access 0.266 2021 index points
 Financial institutions development, efficiency 0.667 2021 index points
 Financial markets development 0.582 2021 index points
 Financial markets development, depth 0.598 2021 index points
 Financial markets development, access 0.196 2021 index points
 Financial markets development, efficiency 0.925 2021 index points
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