Data / Non-financial corporate credit as a share of GDP / India

Non-financial corporate credit as a share of GDP in India

Non-financial corporate credit as a share of GDP in India was 56% of GDP in Q1 2026, according to the Bank for International Settlements. That is up 4.8 pts from Q1 2025. That is the 32nd highest of 43 countries in Q1 2026.

Q1 2026, % of GDP56 Estimated
Change on Q1 2025+4.8 pts
Rank32nd of 43Countries ranked
Series high77.7Q4 2012
Series low49.7Q2 2023
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Non-financial corporate credit as a share of GDP in India, Q2 2007 to Q1 2026

40506070802007-Q22010-Q12012-Q42015-Q32018-Q22021-Q12023-Q42026-Q12007-Q2: 61.4 % of GDP2007-Q3: 63.1 % of GDP2007-Q4: 64.3 % of GDP2008-Q1: 69.6 % of GDP2008-Q2: 67.7 % of GDP2008-Q3: 69.8 % of GDP2008-Q4: 70.3 % of GDP2009-Q1: 73.8 % of GDP2009-Q2: 71.6 % of GDP2009-Q3: 72.9 % of GDP2009-Q4: 72 % of GDP2010-Q1: 75.2 % of GDP2010-Q2: 74 % of GDP2010-Q3: 73.2 % of GDP2010-Q4: 76.5 % of GDP2011-Q1: 76.3 % of GDP2011-Q2: 74.9 % of GDP2011-Q3: 74.4 % of GDP2011-Q4: 76.7 % of GDP2012-Q1: 76.9 % of GDP2012-Q2: 75.8 % of GDP2012-Q3: 76.6 % of GDP2012-Q4: 77.7 % of GDP2013-Q1: 75 % of GDP2013-Q2: 72.9 % of GDP2013-Q3: 70.6 % of GDP2013-Q4: 68.5 % of GDP2014-Q1: 69 % of GDP2014-Q2: 69 % of GDP2014-Q3: 70 % of GDP2014-Q4: 71.5 % of GDP2015-Q1: 70.3 % of GDP2015-Q2: 68.6 % of GDP2015-Q3: 68.5 % of GDP2015-Q4: 68.1 % of GDP2016-Q1: 64.8 % of GDP2016-Q2: 63 % of GDP2016-Q3: 59.1 % of GDP2016-Q4: 58.7 % of GDP2017-Q1: 60 % of GDP2017-Q2: 64.1 % of GDP2017-Q3: 66.7 % of GDP2017-Q4: 71 % of GDP2018-Q1: 67.6 % of GDP2018-Q2: 65.6 % of GDP2018-Q3: 63.5 % of GDP2018-Q4: 62.3 % of GDP2019-Q1: 59.5 % of GDP2019-Q2: 57.1 % of GDP2019-Q3: 55.4 % of GDP2019-Q4: 54.7 % of GDP2020-Q1: 53.4 % of GDP2020-Q2: 56.6 % of GDP2020-Q3: 58 % of GDP2020-Q4: 58.9 % of GDP2021-Q1: 57.5 % of GDP2021-Q2: 55 % of GDP2021-Q3: 53.8 % of GDP2021-Q4: 55 % of GDP2022-Q1: 54 % of GDP2022-Q2: 52.3 % of GDP2022-Q3: 52 % of GDP2022-Q4: 50.9 % of GDP2023-Q1: 50.8 % of GDP2023-Q2: 49.7 % of GDP2023-Q3: 50.1 % of GDP2023-Q4: 50 % of GDP2024-Q1: 50.3 % of GDP2024-Q2: 50.4 % of GDP2024-Q3: 50 % of GDP2024-Q4: 50.8 % of GDP2025-Q1: 51.2 % of GDP2025-Q2: 51.9 % of GDP2025-Q3: 51.9 % of GDP2025-Q4: 54.5 % of GDP2026-Q1: 56 % of GDP40506070802007-Q22013-Q42020-Q22026-Q12007-Q2: 61.4 % of GDP2007-Q3: 63.1 % of GDP2007-Q4: 64.3 % of GDP2008-Q1: 69.6 % of GDP2008-Q2: 67.7 % of GDP2008-Q3: 69.8 % of GDP2008-Q4: 70.3 % of GDP2009-Q1: 73.8 % of GDP2009-Q2: 71.6 % of GDP2009-Q3: 72.9 % of GDP2009-Q4: 72 % of GDP2010-Q1: 75.2 % of GDP2010-Q2: 74 % of GDP2010-Q3: 73.2 % of GDP2010-Q4: 76.5 % of GDP2011-Q1: 76.3 % of GDP2011-Q2: 74.9 % of GDP2011-Q3: 74.4 % of GDP2011-Q4: 76.7 % of GDP2012-Q1: 76.9 % of GDP2012-Q2: 75.8 % of GDP2012-Q3: 76.6 % of GDP2012-Q4: 77.7 % of GDP2013-Q1: 75 % of GDP2013-Q2: 72.9 % of GDP2013-Q3: 70.6 % of GDP2013-Q4: 68.5 % of GDP2014-Q1: 69 % of GDP2014-Q2: 69 % of GDP2014-Q3: 70 % of GDP2014-Q4: 71.5 % of GDP2015-Q1: 70.3 % of GDP2015-Q2: 68.6 % of GDP2015-Q3: 68.5 % of GDP2015-Q4: 68.1 % of GDP2016-Q1: 64.8 % of GDP2016-Q2: 63 % of GDP2016-Q3: 59.1 % of GDP2016-Q4: 58.7 % of GDP2017-Q1: 60 % of GDP2017-Q2: 64.1 % of GDP2017-Q3: 66.7 % of GDP2017-Q4: 71 % of GDP2018-Q1: 67.6 % of GDP2018-Q2: 65.6 % of GDP2018-Q3: 63.5 % of GDP2018-Q4: 62.3 % of GDP2019-Q1: 59.5 % of GDP2019-Q2: 57.1 % of GDP2019-Q3: 55.4 % of GDP2019-Q4: 54.7 % of GDP2020-Q1: 53.4 % of GDP2020-Q2: 56.6 % of GDP2020-Q3: 58 % of GDP2020-Q4: 58.9 % of GDP2021-Q1: 57.5 % of GDP2021-Q2: 55 % of GDP2021-Q3: 53.8 % of GDP2021-Q4: 55 % of GDP2022-Q1: 54 % of GDP2022-Q2: 52.3 % of GDP2022-Q3: 52 % of GDP2022-Q4: 50.9 % of GDP2023-Q1: 50.8 % of GDP2023-Q2: 49.7 % of GDP2023-Q3: 50.1 % of GDP2023-Q4: 50 % of GDP2024-Q1: 50.3 % of GDP2024-Q2: 50.4 % of GDP2024-Q3: 50 % of GDP2024-Q4: 50.8 % of GDP2025-Q1: 51.2 % of GDP2025-Q2: 51.9 % of GDP2025-Q3: 51.9 % of GDP2025-Q4: 54.5 % of GDP2026-Q1: 56 % of GDP
% of GDP. Source: BIS, BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp. Retrieved 2026-10-12.
All 76 values
Period% of GDP
2026-Q156 Estimated
2025-Q454.5 Estimated
2025-Q351.9 Estimated
2025-Q251.9 Estimated
2025-Q151.2 Estimated
2024-Q450.8 Estimated
2024-Q350 Estimated
2024-Q250.4 Estimated
2024-Q150.3 Estimated
2023-Q450 Estimated
2023-Q350.1 Estimated
2023-Q249.7 Estimated
2023-Q150.8 Estimated
2022-Q450.9 Estimated
2022-Q352 Estimated
2022-Q252.3 Estimated
2022-Q154 Estimated
2021-Q455 Estimated
2021-Q353.8 Estimated
2021-Q255 Estimated
2021-Q157.5 Estimated
2020-Q458.9 Estimated
2020-Q358 Estimated
2020-Q256.6 Estimated
2020-Q153.4 Estimated
2019-Q454.7 Estimated
2019-Q355.4 Estimated
2019-Q257.1 Estimated
2019-Q159.5 Estimated
2018-Q462.3 Estimated
2018-Q363.5 Estimated
2018-Q265.6 Estimated
2018-Q167.6 Estimated
2017-Q471 Estimated
2017-Q366.7 Estimated
2017-Q264.1 Estimated
2017-Q160 Estimated
2016-Q458.7 Estimated
2016-Q359.1 Estimated
2016-Q263 Estimated
2016-Q164.8 Estimated
2015-Q468.1 Estimated
2015-Q368.5 Estimated
2015-Q268.6 Estimated
2015-Q170.3 Estimated
2014-Q471.5 Estimated
2014-Q370 Estimated
2014-Q269 Estimated
2014-Q169 Estimated
2013-Q468.5 Estimated
2013-Q370.6 Estimated
2013-Q272.9 Estimated
2013-Q175 Estimated
2012-Q477.7 Estimated
2012-Q376.6 Estimated
2012-Q275.8 Estimated
2012-Q176.9 Estimated
2011-Q476.7 Estimated
2011-Q374.4 Estimated
2011-Q274.9 Estimated
2011-Q176.3 Estimated
2010-Q476.5 Estimated
2010-Q373.2 Estimated
2010-Q274 Estimated
2010-Q175.2 Estimated
2009-Q472 Estimated
2009-Q372.9 Estimated
2009-Q271.6 Estimated
2009-Q173.8 Estimated
2008-Q470.3 Estimated
2008-Q369.8 Estimated
2008-Q267.7 Estimated
2008-Q169.6 Estimated
2007-Q464.3 Estimated
2007-Q363.1 Estimated
2007-Q261.4 Estimated

India compared with nearby places

Argentina: 21.1 % of GDPAustria: 85.2 % of GDPAustralia: 61.7 % of GDPBelgium: 116.6 % of GDPBrazil: 54.6 % of GDPCanada: 118.8 % of GDPSwitzerland: 130.3 % of GDPChile: 86.9 % of GDPChina: 146.6 % of GDPColombia: 29.2 % of GDPCzechia: 54.6 % of GDPGermany: 86.9 % of GDPDenmark: 136.7 % of GDPSpain: 76.9 % of GDPFinland: 111.6 % of GDPFrance: 155.2 % of GDPUnited Kingdom: 55.8 % of GDPGreece: 59.2 % of GDPHong Kong: 249.6 % of GDPHungary: 70.8 % of GDPIndonesia: 24.6 % of GDPIreland: 103 % of GDPIsrael: 73.9 % of GDPIndia: 56 % of GDPItaly: 58.3 % of GDPJapan: 112.9 % of GDPSouth Korea: 106.4 % of GDPLuxembourg: 395.9 % of GDPMexico: 21.2 % of GDPMalaysia: 89.4 % of GDPNetherlands: 168.8 % of GDPNorway: 136.4 % of GDPNew Zealand: 69.5 % of GDPPoland: 35 % of GDPPortugal: 74.3 % of GDPRussia: 83.7 % of GDPSaudi Arabia: 46.5 % of GDPSweden: 154.1 % of GDPSingapore: 123.7 % of GDPThailand: 69.2 % of GDPTürkiye: 39 % of GDPUnited States: 72.5 % of GDPSouth Africa: 33.6 % of GDP
  • Under 47
  • 47 to 62
  • 62 to 77
  • 77 to 110
  • 110 to 140
  • 140 and over
  • No data
Non-financial corporate credit as a share of GDP, Q1 2026, % of GDP. India is outlined. Same source and period for every area shown. Source: Bank for International Settlements. Boundaries: Natural Earth (public domain).

Rankings

Definition

Quarter-end gross core debt of public and private non-financial corporations from all lender sectors, divided by nominal GDP over the latest four quarters, in percent.

BIS core debt: loans and debt securities, plus currency and deposits for government. Includes domestic and foreign lenders. Households include non-profit institutions serving households; corporations include public and private non-financial corporations. Gross debt: financial assets are not deducted. Private sectors are unconsolidated; government is consolidated. Market valuation follows national sources; US private debt securities use face value. BIS break adjustments and some historical estimates are retained. Unlike World Bank domestic private credit, it excludes trade credit and covers all lender sectors. Not seasonally adjusted.

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How to cite

Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp. https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.N.A.M.770.A?format=csv&startPeriod=1970-Q1. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

Bank for International Settlements. (n.d.). BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp (Non-financial corporate credit as a share of GDP, India, 2007-Q2 to 2026-Q1) [Data set]. Retrieved October 12, 2026, from https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.N.A.M.770.A?format=csv&startPeriod=1970-Q1

MLA 9

BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp, Non-financial corporate credit as a share of GDP, India, 2007-Q2 to 2026-Q1. Bank for International Settlements, https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.N.A.M.770.A?format=csv&startPeriod=1970-Q1. Invokely, https://invokely.ai/en/nonfinancial-corporate-credit-gdp/india. Accessed 12 Oct. 2026.

Chicago (author-date)

Bank for International Settlements. n.d. BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp. Non-financial corporate credit as a share of GDP, India, 2007-Q2 to 2026-Q1. Dataset. Accessed October 12, 2026. https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.N.A.M.770.A?format=csv&startPeriod=1970-Q1. Also distributed by Invokely, https://invokely.ai/en/nonfinancial-corporate-credit-gdp/india.

Harvard

Bank for International Settlements (no date) BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp, Non-financial corporate credit as a share of GDP, India, 2007-Q2 to 2026-Q1 [Dataset]. Available at: https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.N.A.M.770.A?format=csv&startPeriod=1970-Q1, via Invokely: https://invokely.ai/en/nonfinancial-corporate-credit-gdp/india (Accessed: 12 October 2026).

BibTeX
@misc{bank_non_financial_corporate_credit_2026,
  author = {{Bank for International Settlements}},
  title = {{BIS WS\_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp: Non-financial corporate credit as a share of GDP, India, 2007-Q2 to 2026-Q1}},
  howpublished = {Data set},
  url = {https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.N.A.M.770.A?format=csv&startPeriod=1970-Q1},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/nonfinancial-corporate-credit-gdp/india. Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS\_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp. https://stats.bis.org/api/v2/data/dataflow/BIS/WS\_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.N.A.M.770.A?format=csv\&startPeriod=1970-Q1. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - Bank for International Settlements
TI  - BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp: Non-financial corporate credit as a share of GDP, India, 2007-Q2 to 2026-Q1
PB  - Bank for International Settlements
DB  - Invokely
UR  - https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.N.A.M.770.A?format=csv&startPeriod=1970-Q1
L2  - https://invokely.ai/en/nonfinancial-corporate-credit-gdp/india
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/nonfinancial-corporate-credit-gdp/india.
N1  - Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp. https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.N.A.M.770.A?format=csv&startPeriod=1970-Q1. Retrieved 2026-10-12.
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What is the latest non-financial corporate credit as a share of GDP in India? Cite the source.
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Questions

What is the non-financial corporate credit as a share of GDP in India?

Non-financial corporate credit as a share of GDP in India was 56% of GDP in Q1 2026, according to the Bank for International Settlements. That is up 4.8 pts from Q1 2025. That is the 32nd highest of 43 countries in Q1 2026.

Where does this figure come from?

Bank for International Settlements. BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp. Retrieved by Invokely on 2026-10-12.

What was the highest non-financial corporate credit as a share of GDP in India?

77.7% of GDP in Q4 2012, the highest value since Q2 2007 in this series.

Non-financial corporate credit as a share of GDP in other countries

Related statistics for India

All statistics for India | India in figures