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

Source: Bank for International Settlements. Viewer read 2026-11-12T03:27:20.751Z (UTC); publisher acquisition and release times are not supplied here. Original units; no interpolation, rebasing or conversion. Missing periods and stored U/B flags interrupt the line. Daily gaps can include non-business days.

Readings, newest first

Private Credit-to-GDP Gap (Quarterly): India: 105 readings, newest first. Source: Bank for International Settlements.
PeriodValue (percentage points of GDP)
2026-Q14.32
2025-Q41.62
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-Q41.44
2012-Q30.59
2012-Q20.01
2012-Q13.83
2011-Q45.02
2011-Q33.17
2011-Q25.16
2011-Q18.69
2010-Q410.52
2010-Q37.42
2010-Q29.40
2010-Q112.95
2009-Q410.92
2009-Q314.31
2009-Q214.34
2009-Q119.30
2008-Q417.14
2008-Q318.15
2008-Q217.67
2008-Q121.90
2007-Q417.02
2007-Q317.49
2007-Q216.61
2007-Q122.74
2006-Q418.59
2006-Q319.98
2006-Q218.12
2006-Q121.03
2005-Q415.09
2005-Q315.12
2005-Q211.51
2005-Q111.59
2004-Q410.14
2004-Q36.57
2004-Q26.67
2004-Q17.64
2003-Q45.47
2003-Q34.94
2003-Q26.93
2003-Q18.65
2002-Q47.59
2002-Q36.92
2002-Q27.72
2002-Q14.78
2001-Q43.37
2001-Q32.61
2001-Q22.75
2001-Q13.57
2000-Q42.94
2000-Q31.17
2000-Q21.53
2000-Q10.53

Source: Bank for International Settlements. All 105 readings held, 2000-Q1 to 2026-Q1. n/a means the source value is missing or withheld.

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Source: Bank for International Settlements (BIS), Credit-to-GDP gaps, https://data.bis.org/topics/CREDIT_GAPS. BIS statistics provided free of any additional charge; no BIS endorsement or affiliation is implied.

Licence: bis-terms-no-charge. Available for public reading; resale has not been cleared. Publisher page: https://data.bis.org/topics/CREDIT_GAPS