India: Financial openness

* indicates monthly or quarterly data series
 India

Financial openness index

 Latest value -1.242
 Year 2021
 Measure index points
 Data availability 1970 - 2021
 Average -1.242
 Min - Max -1.242 - -1.242
 Source Chinn-Ito Index
For that indicator, we provide data for India from 1970 to 2021. The average value for India during that period was -1.242 index points with a minimum of -1.242 index points in 1970 and a maximum of -1.242 index points in 1970. The latest value from 2021 is -1.242 index points. For comparison, the world average in 2021 based on 176 countries is 0.322 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
India - Financial openness  - Recent values chart

Historical chart
India - Financial openness  - historical chart - 1970-2021




Definition: The Chinn-Ito index measures a country's degree of capital account openness and was introduced in Chinn and Ito (Journal of Development Economics, 2006). It is based on variables that codify the restrictions on cross-border financial transactions in the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions. Higher values mean greater financial openness.

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 Related indicators Latest value Reference Measure
 Terms of trade 90.74 2021 percent
 Trade openness 49.04 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 22.79 2022 percent
 Exports, billion dollars 777.14 2023 billion U.S. dollars
 Growth of exports 13.57 2022 percent
 Imports, percent of GDP 26.44 2022 percent
 Imports, billion dollars 850.64 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.46 2022 percent
 Foreign Direct Investment, billion dollars 49.94 2022 billion U.S. dollars
 Portfolio investment inflows, equities 21,427.09 2023 million dollars (current)
 Current account, percent of GDP -1.20 2023 percent
 Current account, in dollars -32.34 2023 billion U.S. dollars
 Trade balance, percent of GDP -3.66 2022 percent
 Trade balance, in dollars -86.26 2023 billion U.S. dollars
 Reserves 567.30 2022 billion U.S. dollars
 Remittances, percent of GDP 3.26 2022 percent
 Remittances 111,221.78 2022 million U.S. dollars
 Net errors and omissions -315.99 2023 million USD
 External debt 18.42 2022 percent
 Short-term external debt 20.94 2022 percent
 Short-term debt to reserves 22.77 2022 percent
 Foreign exchange reserves 48,983.36 9/2023 billion
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