Indian Economy A Few Facts: At A Glance (MONETARY AND CREDIT POLICY)

Last Updated on May 11, 2017 by Bharat Saini

(Status as on April 6, 2017)  
Bank Rate 6·50%
Marginal Standing Facility Rate 6·50%
Cash Reserve Ratio (CRR) 4·0%
Statutory Liquidity Ratio (SLR) (7.2.17) 20·50%
Repo Rate 6·25%
Reverse Repo Rate 6·00%
External Debt (End-December 2016)  
Total External Debt $ 456·066 billion
Long-term External Debt $ 372·245 billion (81·6% of total debt)
Short-term External Debt $ 83·821 billion (18·4% of total debt)

 

India’s Key External Debt Indicators

(Status at end-December 2016)

1.   External debt to GDP (2015-16) 23·5%
2.   Debt Service Ratio 8·8%
3.   Concessional Debt to Total Debt 9·2%
4.   Foreign Exchange Reserves to Total Debt 78·7%
5.   Short-term External Debt to Foreign Exchange Reserves 23·4%
6.   Short-term External Debt to Total Debt 18·4%

 

Currency Composition of External Debt

(At end-December 2016)

                                                                                                                                (% share)

1.   US Dollar 54·7
2.   Indian Rupee 31·1
3.   Japanese Yen 4·4
4.   SDR 5·9
5.   Euro 2·7
6.   Sterling Pound

7.   Others

0·7

0·5

 

Banking in India (1st March, 2017)  
Public Sector Banks  
SBI and its Associate 6
Nationalised 19
IDBI Bank 1
Bhartiya Mahila Bank 1
Regional Rural Banks 56
Private Sector Banks  
Old Private Banks 13
New Private Bank 9
Payments Banks 2
Small Finance Banks 3
Foreign Banks Operating in India 43

 

  Cooperative Credit Institutions in India (As at end of March 2016)  
(A) Rural Co-operatives (Short-Term Credit)  
* State Co-operative Banks 32
* District Central Co-operative Banks 370
* Primary Agricultural Credit Societies 93042
(B) Rural Co-operatives (Long-Term Credit)  
* State Co-operative Agriculture and Rural Development Banks 20
* Primary Co-operative Agriculture and Rural Development Societies 714
(C) Urban Co-operative Banks  
* Scheduled Urban Co-operative Banks 50
* Non-Scheduled Urban Co-operative Banks 1529

 

Development Banks  
  • NABARD
Estd.—July 12, 1982; HQ—Mumbai
  • NHB
Estd.—July 1988; HQ—New Delhi
  • SIDBI
Estd.—April 2, 1990; HQ—Lucknow
  • EXIM Bank
Estd.—Jan. 1, 1982; HQ—Mumbai

 

Foreign Direct Investment  
Cumulative FDI inflows (April 2000-December 2016) (Including re-invested earnings & other capital) US $ 472·199 billion
Cumulative Portfolio Foreign Investment (April 2000-December 2016) $ 183·697 billion
FDI inflows 2015-16 US $ 55·457
FDI inflow (April-December 2016) US $ 48·032 billion
FDI Equity Inflow (2015-16) $ 40·001 billion
Maximum FDI inflow from (Country) Mauritius (34·0%)  
Maximum FDI inflow in (Sector) Services Sector (18·0%) followed by construction (8·0%) Telecommunication (7·0%)  
Maximum FDI inflow in (State/Region) RBI’s Mumbai Regional Office (31%)  
[(Maharashtra, Dadra & Nagar Haveli, Daman & Diu) followed by NCR Delhi (21%) and Chennai (7%)]  
Indian Banking Sector  
Central Bank Reserve Bank of India (Estd.  1935;  Nationalised–1949; HQ–Mumbai; Governor–Raghuram Rajan)
First Nationalisation of Commercial Banks 14 (July 19, 1969)
Second Nationalisation of Commercial Banks 6 (April 1980)
Gross Domestic Saving Rate Eleventh Plan (2007–12) Twelfth Plan (2012–17) 33·6%
Investment Rate  Eleventh Plan (2007–12) 38·2%
Twelfth Plan (2012–17) 38·8%
  • Bharat Saini

    Education, travel, health and fitness, digital marketing, food, finance, and law blogger committed to delivering valuable insights, practical tips, and reliable guides across various fields. Aiming to make content accessible and trusted for readers of all backgrounds.

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