India: Liquid liabilities, percent of GDP

For that indicator, we provide data for India from 1960 to 2021. The average value for India during that period was 47.76 percent with a minimum of 19.11 percent in 1967 and a maximum of 90.74 percent in 2020. The latest value from 2021 is 84.95 percent. For comparison, the world average in 2021 based on 134 countries is 82.43 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Ratio of liquid liabilities to GDP. Liquid liabilities are also known as broad money, or M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.