India loan growth


India loan growth: 17.4 (-9.38%)
Last Update: August 31, 2024

India loan growth closed down 17.4 as of August 31, 2024 from 19.2 from the previous month and 20.3 from last year.


India loan growth Analytics & Data



India loan growth

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India loan growth

DateValues
2024-08-31 17.4
2024-07-31 19.2
2024-06-30 19.8
2024-05-31 19.5
2024-05-03 19.6
2024-04-19 19
2024-04-05 19.9
2024-03-22 20.2
2024-03-08 20.4
2024-02-23 20.5
2024-02-09 20.3
2024-01-26 20.3
2024-01-12 20.3
2023-12-29 19.9
2023-12-15 20.2
2023-12-01 20.8
2023-11-17 20.6
2023-11-03 20.4
2023-10-20 19.7
2023-10-06 19.3
2023-09-22 20
2023-09-08 19.8
2023-08-25 19.8
2023-08-11 19.7

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India loan growth Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
loan growthin.loangrowth17.419.2-9-14DownDown32024-08-31

India loan growth Factors

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India loan growth Historical Data

The MacroVar database offers free access to historical data for the India loan growth, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of India loan growth data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the India loan growth

India's loan growth refers to the increase in the amount of money borrowed by individuals, businesses, and the government from financial institutions such as banks. This growth is a key indicator of the health of the economy, as it reflects the demand for credit and the willingness of borrowers to invest and spend. A strong loan growth typically signifies economic expansion, as businesses seek financing to expand their operations and consumers take out loans for big-ticket purchases. Conversely, a slowdown in loan growth can indicate a weakening economy, as borrowers become more cautious and lenders tighten their credit standards. In India, loan growth has been a crucial factor in driving economic growth and development, as the country continues to transition towards a more modern and consumer-driven economy.