Real interest rate in India
India: Real interest rate was 5.6% in 2022. ▼ Falling
Real interest rate in India, 1978–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
India recorded 5.6% for real interest rate in 2022.
Compared with earlier readings it is up 1,652.7% on the previous year and up 124.6% over ten years.
Over the whole period, real interest rate in India peaked at 10.8% in 1978 and was at its lowest, -2.0%, in 2010.
India ranks 64th of 148 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 45 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.9% | -1.1% | 10.8% | 2 |
| 1980s | 7.2% | 4.5% | 9.1% | 10 |
| 1990s | 6.3% | 3.6% | 9.2% | 10 |
| 2000s | 5.9% | 2.6% | 8.6% | 10 |
| 2010s | 4.4% | -2.0% | 7.6% | 10 |
| 2020s | 3.3% | 0.3% | 5.6% | 3 |
Countries ranked near India
More financial sector data for India
- Domestic credit to private sector 44.0% (2025)
- Net domestic credit 312.77 trillion current LCU (2025)
- Total reserves in months of imports 7.88 (2025)
- Net foreign assets 66.95 trillion current LCU (2025)
- Domestic credit to private sector by banks 44.0% (2025)
- Claims on central government, etc. 20.0% (2025)
- Monetary Sector credit to private sector 44.0% (2025)
- Broad money 82.1% (2021)
- Official exchange rate 87.16 LCU per US$, period average (2025)
- Net migration -495,753 (2025)
Frequently asked questions
- What is real interest rate in India?
- Real interest rate in India was 5.6% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real interest rate recorded in India?
- The highest recorded value was 10.8% in 1978.
- What is the lowest real interest rate recorded in India?
- The lowest recorded value was -2.0% in 2010.
- How does India rank for real interest rate?
- India ranks 64th out of 148 countries with data for 2022.
- Is real interest rate rising or falling in India?
- Over the last ten years it is up 124.6%. The long-run trend across the full record is falling.
- Where does this India data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Real interest rate (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.