Statistics on Indian economy and Financial Markets

On seeing the various search queries that lead people to my blog, I realised quite a few are related to data on Indian economy. So here is a compilation of the various locations where data on Indian economy and financial markets is placed:

Regular updates:

 Time Series:

  • Handbook of Statistics of Indian economy (This is by far the most useful resource on Indian economy. It gives time-series on most economic indicators.
  • Handbook of Statistics on financial markets(SEBI has also started publishing its handbook much like the RBI. It has some useful time-series that could be used for research
  • Corporate Bond Statistics (SEBI handbook is mostly on equity. Corporate bonds statistics (albeit limited) is here. The archive section is also there at the end)
  • A profile of Banks (This is an annual release from RBI on performance of Banks in India; it is an excellent source for banking sector analysts)
  • Commerce Ministry has released a detailed time-series of the WPI Index. One can dom a lot of research using this data
  • Reports

    Finance Mistry reports

    Understanding various data releases
    It is also important to understand how various data is compiled, methodology etc.

    I will keep updating the list as and when I come across more data.

    42 Responses to “Statistics on Indian economy and Financial Markets”

    1. Statistics on Indian economy and Financial Markets « Mostly Economics Says:

      [...] on Indian economy and Financial Markets I have just added a new page on the blog. It lists the various economic and financial market data released in India with their [...]

    2. Manish Kayal Says:

      Thankyou Very Much Amol. This page is very useful.

    3. bhagavanluv Says:

      Excellent information at one spot
      most useful to researchers
      thanks to the site managers

    4. Syed Zahid Ahmad Says:

      RBI is inflating the Indian Economy

      The recession in US and prevailed uncertainty in petroleum nations had provided an opportunity for India to pull capital resources from US and Gulf countries, but the practical approach of RBI has converted the opportunities into challenges as the liquidity and inflation is certainly not under control of the RBI who is attempting to freeze the liquidity by increasing the interest rate and cost of credits. FICCI and the corporate sector have already criticized RBI recent announcement to increase the rate of interest.

      With trend of increased capital inflow to India, the aggregate deposits by Scheduled Commercial Banks (SCBs) has increased from 80.7% in 2005-06 (Rs. 21,09,049 crores) to 102% (Rs. 31,96,939 crores) of GDP at factor cost by 2007-08. With increased deposits, the bank credits has also increased from Rs. 15,07,077 crores in 2005-06 to Rs. 23,61,914 crores by 2007-08 reflecting 75.6% of GDP at factor cost in 2007-08 as credit against 57.7% in 2005-06. This indeed is a situation; where our economists and financial sector regulators need to review the policy and practices adopted by RBI as we hardly evaluate the multi level impact of interest in our economic process.

      The theory of J. M. Keynes is failed to guide us optimizing the growth opportunities with abundance of FDI. The practical approach of RBI to curb the rate of inflation by increasing the rate of Repo Rate and CRR for last 24 months (since July 2006) is not controlling inflation instead leading towards stagflation as the prices are continue to increase, but the expenditure, investment and net GDP growth rate is falling.

      By increasing the Repo rate and CRR, liquidity might be freeze for shorter period, but it will increase cost of credit and output which inflates the GDP value. Since July 2006 RBI is increasing the Repo Rate and CRR, but inflation is also increasing. Interestingly the interest income to SCBs was Rs. 1,85,384.9 crores in 2005-06 which increased to Rs. 2,37,271.14 crores by 2006-07. It means by 2006-07 total interest income to SCBs was 7.1% of GDP at factor cost. It simply means that the interest income to SCBs has inflated the value of GDP at factor cost by 7.1%.

      With increase in rate of interest, the aggregate deposits might increase and SCBs may need to pays more interest over increased deposits. Total Interest expended by SCBs over deposits was Rs. 89,742 crores in 2005-06 which increased to Rs. 1,20,261.08 crores by 2006-07 showing a net annual increase of 34%. This growth is inflationary as it increases the buying capacity of the depositors. By 2006-07, the interest expended over deposits was around 4.20% of GDP at factor cost.

      If we add the interest income of SCBs to interest expended over deposits, it stands for around 12.5% of GDP at factor cost and 8.6% of GDP at market prices in 2006-07. Considering the impact of interest on inflation, we may need to add interest income of SCBs through investments / commercial credits with interest expended by SCBs over deposits. This amounts to approximately 9% of GDP at factor cost and 5% of GDP at market prices in the year 2006-07 while annual rate of inflation was 6.7%. It reflects that basically inflation is a result of interest charged on credits expanded by SCBs and interest expended over deposits. The interest charged by SCBs increases the cost of GDP and the price levels, while the interest paid by SCBs over deposits increases the purchasing power of the depositors. Both ways the interest is increasing the price level and causing inflation. Since RBI regulates the banking business in India, by increasing rate of interest it is increasing the inflation and decreasing the real term growth rates.

      Further to note that RBI is increasing the rate of interest for over one year to control the inflation which ultimately increasing the cost of GDP showing higher GDP value and increasing inflation instead of controlling it. Our total final consumption expenditure as % of GDP at market prices is already declining from 67.8% in 2005-06 to 65.5% by 2007-08. This decline along with inflation cannot be controlled by increase in interest rate. This economic tendency may leads to stagflation which is more dangerous for economic stability and growth. RBI should review its policies and practices to monitor liquidity, credit and inflation, if we have to combat inflation and attain desirable growth rate.

      Often it is argued that inflation devaluates the money and interest over deposits compensates it’s money value, but this argument is missing to note the cruel problem of inflation which arises due to interest and could worse of with more interest over deposits. Islamic economic ethics suggests mechanisms for stable and anti inflationary monetary system which should be adopted by RBI to make our monetary system more stable and anti inflationary. Hope the RBI will consider these ethics as measure to combat inflation and stagflation. Islamic Banking principles and practices will not only increase the equity deposits and finances but also promote capitalization and investments. It will help increase employment and business opportunities which are must for inclusive and foster growth of India at a time when world is eying upon Indian economy for making more investments. Otherwise consistent approach of RBI to control inflation through interest rate may let the UPA government face cruel failures in capitalizing the investment and growth opportunities with worst off inflation and stagflation.

    5. Syed Zahid Ahmad Says:

      Indian Economy and Financial Sector Regulators
      Syed Zahid Ahmad

      What we expect from financial professionals who just care about financial performances and do not care much about socio economic impacts of any policy? Indian economy is blooming financially but loosing economic growth prospects due to tight credit policy, inflation and fiscal uncertainties.

      Top from our Prime Minister to RBI Governor all who are involved in managing the economic crisis are financial experts. They have been taught to control liquidity through interest. While during time of Keynes, the foreign capital inflow was not matter of concern. Indian money market liquidity problem has been due to unplanned policies for foreign funds and by increasing rate of interest RBI is in fact inflating the economy further more.

      Since July 2006 we have been seeing that with every increase in CRR and Repo rate, the rate of inflation has increased. Does 24 months period is not enough for RBI to experiment the monetary suppressing? It is affecting the output negatively and with every increase in credit cost, the output prices are bound to increase. But this could have better understood by any economist, not by persons of finance background who have not learnt anything except interest tool handling.

      Time has gone worldwide to control the economy through interest rate. Now investors think beyond interest rate and seek higher profitability. RBI should develop policies in coordination with SEBI so that stock market could become active source for capital formation. Investment in equities will not only help economy grow, but control inflation as well. Liquidity should not be dealt by RBI alone because it could be well transformed into capital if SEBI plays active role. It is only possible through better homework by our economists, financial regulators and politicians as well. Otherwise, columnists will keep on writing, politicians will keep on speaking and economy will keep on loosing.

    6. sri Says:

      I need full details about Indian economy for the year of 2006-2007

    7. pari Says:

      Can you provide me with something on the impact of financial markets on the indian economy..

    8. Framroze K Patel, CPA, CVA, ICMA Says:

      I am a practicing CPA and CVA (Certified Valuation Analyst). ‘am trying to fullfill educational requirement of Institute Of Business Appraisers (IBA). IBA was the first profesional body which recognized that education and training of an accountant who provides business valuation service differs considerably form that of an accountant who provides statutory accounting and tax service.

      IBA certification requires that a candidate sumit two reports which meets their stringent reporting standards.

      I have to update a report valuing a film distributor domiciled in USA. The assignment calls for valuing Fair market Value of 100% stock of non-publicly traded family owned owenership.

      I have fairly exhaustive industry data.

      I need your help on (a) how the indian economy faired for the year ended 12/31/2006. I realize that fiscal year ends on 03/31, and (b) near term (2/3 year) forecast.

      Can you help by providing the links.

      Thanking you in advance.

      Framroze K Patel

      P.s. I am 73 years old. ‘am a member of Institute of Certified Management Accountant, UK (previously Cost & Works Accountant).

    9. sanjana Says:

      I need information on impact of macroeconomic variables on indian finanacial syatem. or impact of GDP on IFS or price rise on IFS.

    10. rahul jain Says:

      i need to know about current business scenario for small-scale and cottage industries.

    11. bopdilly Says:

      Excellent blog! Interesting article and very informative! I will necessarily subscribe for this blog. http://lowsalego.com/map.html

    12. Amitabh Says:

      Thanks for this post. It goes straight into my favourites :-)
      Cheers.

    13. Pushpalatha Says:

      This really a very good site. Thanks for helping me to carry on my thesis. The information was really helpful.

    14. ashish Says:

      i just want to knw that what will be the impact of forex trading upon our indian economy?it will be benificial for our economy or harmful?

    15. S. Sarkar Says:

      A compilatrion of data/statistics and indicators on the Indian and global economy are available on the website http://www.ecofin.surge.co.in. Regular updates and news/reports are also available on the site.

    16. Vibhu Mishra Says:

      Great work Sir!! This blog of yours is a boon for B-school aspirants like me as eco topics form an indispensible part of GD/PI and Interviews. Thanks again.

    17. Aditi Says:

      Hi…m doin a research project on effect of indian monetary policy changes on the stock market for the p.d 2000-08…..any help…

      also can any1 tell me where can i find the data for changes in the CRR, SLR, BANK RATE, REPO N REVERSE REPO for the p.d 2000-08….

      thanks…

    18. ina Says:

      hi aditi u cn get this data on RBI ‘s site

    19. S.Sarkar Says:

      Aditi, you can visit the site http://www.ecofin-surge.co in and mail to the research support team for anydata requirements.

    20. Sandeep Koul Says:

      best website for the latest and relevant data on economic situation of INDIA……………………………

    21. world cities Says:

      Nice Post and very truly writen.
      Thanks.

    22. Singley Says:

      I Don?t Usually Reply to Posts But I Will in this Case! Awesome, What a Great Site and Informative Post, I Always Wanted to Write in My Site Something Like That. Thank You!

      P.S: Please Take a Minute to Visit My Stock Market Website as Well: http://snurl.com/stockassault

    23. JoJo Jack Jnr Says:

      Yo
      I i saw the msg
      Very well constructed
      In fact I have been researching for this for ages
      mostlyeconomics.wordpress.com will see me back again
      Great effort well done !
      John

    24. Johnathen Jnr Says:

      Yo.
      I i saw the msg
      Very well constructed
      In fact I have been Googling for this for ages
      mostlyeconomics.wordpress.com is definitely on my bookmarksnow.
      Great effort congrats !
      John
      paul j. dalton cpa

    25. Ashi Says:

      Dude u r a savior!

    26. murali Says:

      this site is very useful for analysts and readers. I am very much benefited ….thanks a lot for keep updating

    27. nabirasool Says:

      i need full details about 2009 economic policy.it is very useful to know about indian economic policy.

    28. Yasin Says:

      Vary useful. I was looking for finance data and links on your blog helped a lot.

    29. Yasin Says:

      Can you help with historical annual data since 1970 on

      market capitalization value or a stock mraket index and 3 year interbank borrowing rate or RBI rate for loans to bank. I need time series from 1970 to 2010

      Also looking for same for Bangladesh.

      all help is appreciated

    30. Yasin Says:

      just email me

    31. swati Says:

      i need data on interest rate from 1997 q1 to 2008 q4

    32. swati Says:

      thanks amol. but suppose one is using quarterly data then which interest rate should be used.

      • Amol Agrawal Says:

        i don’t know the purpose for which you want these interest rates. It is not about what time but about the purpose of using the rates. So I can only tell you which rates if you tel me what is it that you are trying to do?

    33. spansk sprogkursus Says:

      When I open your RSS feed it looks like a page of strange characters, is the issue on my side?

    34. Sumit Says:

      Is speakasiaonline.com certified by rbi

    35. Resveratrol Says:

      This post Statistics on Indian economy and Financial Markets Mostly Economics is really interesting, You are a very skilled blogger. I’ve joined your rss feed and look forward to seeking more of your fantastic post. Also, I have shared your web site in my social networks!

    36. aji.k.varghese Says:

      i need information about latest statistics of indian economy

    37. M.N.Bhatia Says:

      We want an effective NPA System specifically to handle a wide range of simple to complex tasks
      Also we need an automated data recording and reporting mechanism in order to capture only the most accurate picture of our bank at any given point of time as per RBI’s Guidelines .

    38. Vaibhav Says:

      Hi Amol, Congrats for maintaining the blog over the years . It has been very useful for me in getting really good articles. Keep it up and Thanks. :)

      Vaibhav
      M.Sc. Economics 2011-13

    39. Himanshu Dixit Says:

      Hello, could you plzzz help me in getting the monthly or quarterly Real Interest Rate data from 1998 to 2012??

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