India's real interest rate (%) was 5.56% in 2022, the latest year in the World Bank's World Development Indicators. That is up 3.08 percentage points from 2.47% in 2012.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.56% | 2022 |
| Five years earlier | 5.33% | 2017 |
| Ten years earlier | 2.47% | 2012 |
| Highest | 10.77% | 1978 |
| Lowest | -1.98% | 2010 |
| Average since 2013 | 5.19% | 2013–2022 |
| First recorded | 10.77% | 1978 |
What the numbers say
In 2022, India's real interest rate (%) rose 5.24 percentage points on 2021 (from 0.32% to 5.56%).
Across the 30 yearly changes before that (1992 to 2021), the average change was −0.11 percentage points and a typical year strayed about 2.58 percentage points from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 5.54 percentage points in 1980 and the biggest yearly fall was 11.84 percentage points in 1979. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2013 to 2022 there is no clear straight-line trend: a straight line explains 16% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Closest to India in the 2022 ranking
What this measures
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.
All 45 values
| Year | Real interest rate (%) |
|---|---|
| 2022 | 5.56 |
| 2021 | 0.3169 |
| 2020 | 4.14 |
| 2019 | 6.89 |
| 2018 | 5.36 |
| 2017 | 5.33 |
| 2016 | 6.23 |
| 2015 | 7.56 |
| 2014 | 6.7 |
| 2013 | 3.87 |
| 2012 | 2.47 |
Real interest rate (%) in nearby economies
- Bangladesh — 1.97% (2025)
- Bhutan — 8.34% (2025)
- Maldives — 8.07% (2025)
- Sri Lanka — 7.1% (2019)
More financial sector data for India
- Domestic credit to private sector by banks (% of GDP) — 44.03% (2025)
- Net domestic credit (current LCU) — 312.8 trillion (2025)
- Net foreign assets (current LCU) — 66.95 trillion (2025)
- Monetary sector credit to private sector (% of GDP) — 44.03% (2025)
- Consumer price index (2010 = 100) — 233.06 (2025)
- Inflation, consumer prices (annual % growth) — 2.4% (2025)
- Claims on central government, etc. (% of GDP) — 20.02% (2025)
- Domestic credit to private sector (% of GDP) — 44.03% (2025)
- GDP deflator (base year varies by country) — 107.1 (2025)
- DEC alternative conversion factor (LCU per US$)
Reading data like this
Questions people ask
- What is India's real interest rate (%)?
- 5.56% in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 1978?
- It is down 5.22 percentage points from 10.77% in 1978. The highest value was 10.77% in 1978 and the lowest -1.98% in 2010.
- Is the latest change in real interest rate (%) unusual for India?
- In 2022, India's real interest rate (%) rose 5.24 percentage points on 2021 (from 0.32% to 5.56%). Across the 30 yearly changes before that (1992 to 2021), the average change was −0.11 percentage points and a typical year strayed about 2.58 percentage points from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators, World Bank (WB).
Source
World Bank, World Development Indicators, indicator FR.INR.RINR, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in