{"schema":1,"name":"India: credit-to-GDP ratio, trend and gap","resolution":"daily","generated_at":"2026-10-06T04:00:52Z","meta":{"source":"Source: BIS (Bank for International Settlements statistics, via the BIS SDMX API; Data bank bis_series, bis_daily)","licence":"Reproduced under the BIS terms of permitted use (data.bis.org/help/legal), citing the BIS as the source. BIS compiles these from national central banks and statistical offices.","method":"docs/methods/bis.md","area_labels":{"in":"India","us":"United States","xm":"Euro area","gb":"United Kingdom","jp":"Japan","cn":"China","kr":"Korea","id":"Indonesia","br":"Brazil","za":"South Africa","mx":"Mexico","tr":"Turkey","au":"Australia","ca":"Canada","4t":"Emerging markets","5r":"Advanced economies"},"unit":"% of GDP; gap in percentage points","notes":["Credit to the private non-financial sector from all lenders. The trend is a one-sided HP filter (lambda 400,000); the gap is ratio minus trend. Under Basel III guidance the countercyclical buffer starts to build at a gap of 2 pp and is at its maximum by 10 pp.","Quarterly values are dated by the first day of the quarter (2026-01-01 = Q1 2026)."],"checks":{"india_credit_gap":{"period":"2026-01-01","ratio":105.12,"trend":100.79,"gap":4.32},"gap_identity_max_abs":9.798961599943867e-05,"india_policy_last":{"date":"2026-07-23","value":5.25},"peers_with_gap":14,"peers_with_dsr":13}},"dates":["1947-10-01","1948-01-01","1948-04-01","1948-07-01","1948-10-01","1949-01-01","1949-04-01","1949-07-01","1949-10-01","1950-01-01","1950-04-01","1950-07-01","1950-10-01","1951-01-01","1951-04-01","1951-07-01","1951-10-01","1952-01-01","1952-04-01","1952-07-01","1952-10-01","1953-01-01","1953-04-01","1953-07-01","1953-10-01","1954-01-01","1954-04-01","1954-07-01","1954-10-01","1955-01-01","1955-04-01","1955-07-01","1955-10-01","1956-01-01","1956-04-01","1956-07-01","1956-10-01","1957-01-01","1957-04-01","1957-07-01","1957-10-01","1958-01-01","1958-04-01","1958-07-01","1958-10-01","1959-01-01","1959-04-01","1959-07-01","1959-10-01","1960-01-01","1960-04-01","1960-07-01","1960-10-01","1961-01-01","1961-04-01","1961-07-01","1961-10-01","1962-01-01","1962-04-01","1962-07-01","1962-10-01","1963-01-01","1963-04-01","1963-07-01","1963-10-01","1964-01-01","1964-04-01","1964-07-01","1964-10-01","1965-01-01","1965-04-01","1965-07-01","1965-10-01","1966-01-01","1966-04-01","1966-07-01","1966-10-01","1967-01-01","1967-04-01","1967-07-01","1967-10-01","1968-01-01","1968-04-01","1968-07-01","1968-10-01","1969-01-01","1969-04-01","1969-07-01","1969-10-01","1970-01-01","1970-04-01","1970-07-01","1970-10-01","1971-01-01","1971-04-01","1971-07-01","1971-10-01","1972-01-01","1972-04-01","1972-07-01","1972-10-01","1973-01-01","1973-04-01","1973-07-01","1973-10-01","1974-01-01","1974-04-01","1974-07-01","1974-10-01","1975-01-01","1975-04-01","1975-07-01","1975-10-01","1976-01-01","1976-04-01","1976-07-01","1976-10-01","1977-01-01","1977-04-01","1977-07-01","1977-10-01","1978-01-01","1978-04-01","1978-07-01","1978-10-01","1979-01-01","1979-04-01","1979-07-01","1979-10-01","1980-01-01","1980-04-01","1980-07-01","1980-10-01","1981-01-01","1981-04-01","1981-07-01","1981-10-01","1982-01-01","1982-04-01","1982-07-01","1982-10-01","1983-01-01","1983-04-01","1983-07-01","1983-10-01","1984-01-01","1984-04-01","1984-07-01","1984-10-01","1985-01-01","1985-04-01","1985-07-01","1985-10-01","1986-01-01","1986-04-01","1986-07-01","1986-10-01","1987-01-01","1987-04-01","1987-07-01","1987-10-01","1988-01-01","1988-04-01","1988-07-01","1988-10-01","1989-01-01","1989-04-01","1989-07-01","1989-10-01","1990-01-01","1990-04-01","1990-07-01","1990-10-01","1991-01-01","1991-04-01","1991-07-01","1991-10-01","1992-01-01","1992-04-01","1992-07-01","1992-10-01","1993-01-01","1993-04-01","1993-07-01","1993-10-01","1994-01-01","1994-04-01","1994-07-01","1994-10-01","1995-01-01","1995-04-01","1995-07-01","1995-10-01","1996-01-01","1996-04-01","1996-07-01","1996-10-01","1997-01-01","1997-04-01","1997-07-01","1997-10-01","1998-01-01","1998-04-01","1998-07-01","1998-10-01","1999-01-01","1999-04-01","1999-07-01","1999-10-01","2000-01-01","2000-04-01","2000-07-01","2000-10-01","2001-01-01","2001-04-01","2001-07-01","2001-10-01","2002-01-01","2002-04-01","2002-07-01","2002-10-01","2003-01-01","2003-04-01","2003-07-01","2003-10-01","2004-01-01","2004-04-01","2004-07-01","2004-10-01","2005-01-01","2005-04-01","2005-07-01","2005-10-01","2006-01-01","2006-04-01","2006-07-01","2006-10-01","2007-01-01","2007-04-01","2007-07-01","2007-10-01","2008-01-01","2008-04-01","2008-07-01","2008-10-01","2009-01-01","2009-04-01","2009-07-01","2009-10-01","2010-01-01","2010-04-01","2010-07-01","2010-10-01","2011-01-01","2011-04-01","2011-07-01","2011-10-01","2012-01-01","2012-04-01","2012-07-01","2012-10-01","2013-01-01","2013-04-01","2013-07-01","2013-10-01","2014-01-01","2014-04-01","2014-07-01","2014-10-01","2015-01-01","2015-04-01","2015-07-01","2015-10-01","2016-01-01","2016-04-01","2016-07-01","2016-10-01","2017-01-01","2017-04-01","2017-07-01","2017-10-01","2018-01-01","2018-04-01","2018-07-01","2018-10-01","2019-01-01","2019-04-01","2019-07-01","2019-10-01","2020-01-01","2020-04-01","2020-07-01","2020-10-01","2021-01-01","2021-04-01","2021-07-01","2021-10-01","2022-01-01","2022-04-01","2022-07-01","2022-10-01","2023-01-01","2023-04-01","2023-07-01","2023-10-01","2024-01-01","2024-04-01","2024-07-01","2024-10-01","2025-01-01","2025-04-01","2025-07-01","2025-10-01","2026-01-01"],"series":{"in_ratio":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,25.1778,23.3827,22.9836,23.1303,23.2966,22.9689,22.8084,23.0554,22.6681,21.2871,21.4306,22.3216,22.7515,23.1238,24.3626,25.7257,26.6051,26.3741,26.7296,27.0839,26.0525,24.2184,24.0244,24.97,25.7681,25.2809,25.6702,26.5575,25.9602,25.055,25.274,26.2851,26.816,26.4803,26.9172,27.7338,27.5961,26.2926,25.6259,26.0354,25.5689,24.8171,25.1437,26.313,26.5887,25.8406,25.7974,25.9115,25.7563,24.8482,24.8073,24.5817,24.2241,23.3248,23.2915,23.6407,24.2109,23.8898,24.4844,24.8591,25.0335,23.9702,24.0553,23.9466,23.2164,22.206,22.4529,22.8054,23.2427,22.891,23.2304,24.0798,24.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