Private Credit-to-GDP Gap (Quarterly): India
The latest reading SOTW holds for India is 4.32 percentage points of GDP for 2026-Q1, from Bank for International Settlements.
Reviewed series · Credit & Debt · Quarterly · percentage points of GDP · BIS.CREDIT.GAP.Q · IND
Published private credit-to-GDP ratio minus its one-sided Hodrick-Prescott-filtered long-run trend. Displayed in percentage points of GDP, not a percentage growth rate. BIS gaps can differ from national authorities' countercyclical-buffer gaps. This statistical measure alone is not a crisis prediction or investment recommendation. BIS statistics are freely sourced and their inclusion must not result in any additional charge to users. BIS attribution is required; resale is not permitted by SOTW's rights policy. Collection time is not the original publication timestamp. Source dimensions, unit multipliers, confidentiality and observation flags are retained. Terms: https://data.bis.org/help/legal
This is a reviewed series. Open it in the interactive economic data explorer to choose dates, compare countries and see its source evidence and recorded history.
- Latest
- 4.32
- percentage points of GDP · 2026-Q1
- Previous
- 1.62
- percentage points of GDP · 2025-Q4
- Earliest held
- 0.53
- percentage points of GDP · 2000-Q1
- Readings shown
- 105
- Every reading SOTW holds
India · history
percentage points of GDP · Quarterly
Readings, newest first
| Period | Value (percentage points of GDP) |
|---|---|
| 2026-Q1 | 4.32 |
| 2025-Q4 | 1.62 |
| 2025-Q3 | -3.17 |
| 2025-Q2 | -3.42 |
| 2025-Q1 | -4.96 |
| 2024-Q4 | -5.94 |
| 2024-Q3 | -7.70 |
| 2024-Q2 | -7.54 |
| 2024-Q1 | -8.12 |
| 2023-Q4 | -9.15 |
| 2023-Q3 | -9.97 |
| 2023-Q2 | -12.35 |
| 2023-Q1 | -11.32 |
| 2022-Q4 | -12.53 |
| 2022-Q3 | -11.86 |
| 2022-Q2 | -13.10 |
| 2022-Q1 | -11.49 |
| 2021-Q4 | -10.81 |
| 2021-Q3 | -14.11 |
| 2021-Q2 | -12.71 |
| 2021-Q1 | -8.72 |
| 2020-Q4 | -5.99 |
| 2020-Q3 | -8.70 |
| 2020-Q2 | -12.12 |
| 2020-Q1 | -18.29 |
| 2019-Q4 | -16.80 |
| 2019-Q3 | -18.43 |
| 2019-Q2 | -18.31 |
| 2019-Q1 | -16.74 |
| 2018-Q4 | -13.78 |
| 2018-Q3 | -14.00 |
| 2018-Q2 | -12.38 |
| 2018-Q1 | -11.03 |
| 2017-Q4 | -6.48 |
| 2017-Q3 | -12.85 |
| 2017-Q2 | -15.34 |
| 2017-Q1 | -21.06 |
| 2016-Q4 | -21.05 |
| 2016-Q3 | -23.21 |
| 2016-Q2 | -17.94 |
| 2016-Q1 | -17.13 |
| 2015-Q4 | -13.03 |
| 2015-Q3 | -13.03 |
| 2015-Q2 | -13.78 |
| 2015-Q1 | -11.15 |
| 2014-Q4 | -9.34 |
| 2014-Q3 | -11.10 |
| 2014-Q2 | -12.15 |
| 2014-Q1 | -10.85 |
| 2013-Q4 | -10.74 |
| 2013-Q3 | -8.45 |
| 2013-Q2 | -5.42 |
| 2013-Q1 | -2.60 |
| 2012-Q4 | 1.44 |
| 2012-Q3 | 0.59 |
| 2012-Q2 | 0.01 |
| 2012-Q1 | 3.83 |
| 2011-Q4 | 5.02 |
| 2011-Q3 | 3.17 |
| 2011-Q2 | 5.16 |
| 2011-Q1 | 8.69 |
| 2010-Q4 | 10.52 |
| 2010-Q3 | 7.42 |
| 2010-Q2 | 9.40 |
| 2010-Q1 | 12.95 |
| 2009-Q4 | 10.92 |
| 2009-Q3 | 14.31 |
| 2009-Q2 | 14.34 |
| 2009-Q1 | 19.30 |
| 2008-Q4 | 17.14 |
| 2008-Q3 | 18.15 |
| 2008-Q2 | 17.67 |
| 2008-Q1 | 21.90 |
| 2007-Q4 | 17.02 |
| 2007-Q3 | 17.49 |
| 2007-Q2 | 16.61 |
| 2007-Q1 | 22.74 |
| 2006-Q4 | 18.59 |
| 2006-Q3 | 19.98 |
| 2006-Q2 | 18.12 |
| 2006-Q1 | 21.03 |
| 2005-Q4 | 15.09 |
| 2005-Q3 | 15.12 |
| 2005-Q2 | 11.51 |
| 2005-Q1 | 11.59 |
| 2004-Q4 | 10.14 |
| 2004-Q3 | 6.57 |
| 2004-Q2 | 6.67 |
| 2004-Q1 | 7.64 |
| 2003-Q4 | 5.47 |
| 2003-Q3 | 4.94 |
| 2003-Q2 | 6.93 |
| 2003-Q1 | 8.65 |
| 2002-Q4 | 7.59 |
| 2002-Q3 | 6.92 |
| 2002-Q2 | 7.72 |
| 2002-Q1 | 4.78 |
| 2001-Q4 | 3.37 |
| 2001-Q3 | 2.61 |
| 2001-Q2 | 2.75 |
| 2001-Q1 | 3.57 |
| 2000-Q4 | 2.94 |
| 2000-Q3 | 1.17 |
| 2000-Q2 | 1.53 |
| 2000-Q1 | 0.53 |
Source: Bank for International Settlements. All 105 readings held, 2000-Q1 to 2026-Q1. n/a means the source value is missing or withheld.