India: Financial institutions development, efficiency

The latest value from 2021 is 0.667 index points, an increase from 0.645 index points in 2020. In comparison, the world average is 0.585 index points, based on data from 178 countries. Historically, the average for India from 1980 to 2021 is 0.631 index points. The minimum value, 0.514 index points, was reached in 1993 while the maximum of 0.701 index points was recorded in 2011. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Measures the efficiency of financial institutions. Constructed using the Principal Component methodology using the following variables: Net interest margin, Lending-deposits spread, Non-interest income to total income, Overhead costs to total assets, Return on assets, and Return on equity. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.