India: Household credit
* indicates monthly or quarterly data series
The most recent value is 55967.19 billion Indian Rupee as of September 2024, an increase compared to the previous value of 55554.84 billion Indian Rupee. Historically, the average for India from November 2011 to September 2024 is 22534.93 billion Indian Rupee. The minimum of 7206 billion Indian Rupee was recorded in November 2011, while the maximum of 55967.19 billion Indian Rupee was reached in September 2024.
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* indicates monthly or quarterly data series
- Measure: billion Indian Rupee
- Source: Reserve Bank of India
| Recent values | India: Household credit, billion currency units |
|---|---|
| 2024 Sep | 55967.19 |
| 2024 Aug | 55554.84 |
| 2024 Jul | 55298.15 |
| 2024 Jun | 54861.07 |
| 2024 May | 54566.33 |
| 2024 Apr | 53628.59 |
| 2024 Mar | 53361.29 |
| 2024 Feb | 52678.35 |
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Definition: Household credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 5.6 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 84.9729 | 12/2024 | Local Currency Units per USD |
| Money supply (broad money) | 258,788.48 | 9/2024 | billion |
| Consumer Price Index (CPI) | 195.4000 | 12/2024 | index points |
| Inflation, monthly | -0.56 | 12/2024 | percent |
| Inflation, annual | 5.22 | 12/2024 | percent |
| Private sector credit | 163,025.67 | 9/2024 | billion |
| Business credit | 107,058.48 | 9/2024 | billion |
| Household credit | 55,967.19 | 9/2024 | billion |
| Mortgage credit | 28,455.05 | 9/2024 | billion |
| Consumer credit | 27,512.14 | 9/2024 | billion |
| Deposit interest rate | 6.96 | 10/2024 | percent |
| Policy rate | 6.50 | 11/2024 | percent |
| Household debt to GDP | 42.90 | 6/2024 | percent |
| Debt service ratios for private non-financial sector | 11.90 | Q2/2024 | percent |