India: Household credit

* indicates monthly or quarterly data series
 India

Household credit, billion currency units

 Latest value 53361.29
 Reference March 2024
 Measure billion Indian Rupee
 Data availability November 2011 - March 2024
 Average 21219.61
 Min - Max 7206 - 53361.29
 Source Reserve Bank of India
For that indicator, we provide data for India from November 2011 to March 2024. The average value for India during that period was 21219.61 billion Indian Rupee with a minimum of 7206 billion Indian Rupee in November 2011 and a maximum of 53361.29 billion Indian Rupee in March 2024. Click on the following link to see the values of Household credit, billion currency units around the world.
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* indicates monthly or quarterly data series


Recent values chart
India - Household credit - recent values

Historical chart
India - Household credit - historical chart - 2011-2024
Measure: billion Indian Rupee
Source: Reserve Bank of India


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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 value Reference Measure
 Inflation 6.7 2022 percent
 Exchange rate regimes 7 2021 index points
 USD exchange rate 83.0799 9/2023 Local Currency Units per USD
 Money supply (broad money) 233,623.01 9/2023 billion
 Consumer Price Index (CPI) 184.1000 9/2023 index points
 Inflation, monthly -1.13 9/2023 percent
 Inflation, annual 5.02 9/2023 percent
 Private sector credit 141,525.00 9/2023 billion
 Business credit 93,256.67 9/2023 billion
 Household credit 48,268.33 9/2023 billion
 Mortgage credit 24,766.97 9/2023 billion
 Consumer credit 23,501.36 9/2023 billion
 Deposit interest rate 6.70 9/2023 percent
 Policy rate 6.50 9/2023 percent
 Household debt to GDP 39.00 9/2023 percent
 Debt service ratios for private non-financial sector 11.50 Q3/2023 percent
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