India Banking & Macro Dashboard

Here’s a set of indicators to look at some of the key Banking and Macro-economic indicators in India

Fortnightly Loan Book Growth for Banks (%YoY)

Loan book growth has picked up but is still way off the highs of the pre-demonetization era which is worrisome

Fortnightly Deposit Growth for Banks (%YoY)

The deposit inflow however continued to remain largely robust throughout the pandemic leading to massive excess liquidity with the Banks

Household Debt

Household debt has continued to inch up post-demonetization indicating an undertone of stress in the economy

Residential Property Price Index

The property prices have remained under control despite a significant period of loose monetary policy indicating space for further dovishness

CPI Food Inflation

Food prices have been subduing due to the higher base of prices last year led by fuel-price rise and global led price rise

CPI Inflation

Inflation has also been subduing now over the high base of last year even as it stayed above RBI’s comfort level last year

Household Inflation Expectations (1 Year Forward)

Inflation expectations have been inching higher as a result of the sustained CPI inflation above 6% for most of the pandemic period

Policy Rate

The accommodative monetary policy initiated through the pandemic has some more time to go before the RBI might think about policy rate hikes

Capacity Utilisation (%)

Capacity utilization continues to remain below par and the private capital expenditure cycle looks to be still some time away given uncertainties around COVID

Business Expectations Index

Business expectations, however, have gone up on the back of end of nationwide lockdowns and should ramp up utilization in the days to come

Government Debt to GDP

The fiscal situation has been in a structural deterioration even before the pandemic began and continues to be challenging with low growth

Government Expenditure to GDP

Economic activity so far has been driven by never-seen-before fiscal pump-priming and near-term scope remains subdued for growth