India: Financial markets development, efficiency

The latest value from 2021 is 0.925 index points, unchanged from 0.925 index points in 2020. In comparison, the world average is 0.325 index points, based on data from 93 countries. Historically, the average for India from 1980 to 2021 is 0.701 index points. The minimum value, 0.022 index points, was reached in 1980 while the maximum of 1 index points was recorded in 1994. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Measures the efficiency of financial markets using the following variable: Stock market turnover ratio (stocks traded to capitalization). See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.