India: Financial institutions development, access
* indicates monthly or quarterly data series
| India |
Financial institutions development, access |
|---|---|
| Latest value | 0.266 |
| Year | 2021 |
| Measure | index points |
| Data availability | 1980 - 2021 |
| Average | 0.136 |
| Min - Max | 0.080 - 0.268 |
| Source | International Monetary Fund |
The latest value from 2021 is 0.266 index points, a decline from 0.268 index points in 2020. In comparison, the world average is 0.363 index points, based on data from 175 countries. Historically, the average for India from 1980 to 2021 is 0.136 index points. The minimum value, 0.08 index points, was reached in 1980 while the maximum of 0.268 index points was recorded in 2020.
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Definition: Measures access to financial services as a principal component of the following two variables: Bank branches per 100,000 adults and ATMs per 100,000 adults. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.
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| Related indicators | Latest | 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 |