Currency in circulation as share of GDP in India FY 2015-2020
In fiscal year 2020, the share of currency in circulation (CIC) to the gross domestic product in India was around twelve percent. Since the demonetization in 2017, the CIC-ratio had considerably grown again.
India witnessed high ratios of CIC to GDP in times of high economical growth. This time, the CIC-ratio is expected to grow during financial year 2021, despite the recession caused by the coronavirus (COVID-19) pandemic and a likewise rise in digital payments.
India witnessed high ratios of CIC to GDP in times of high economical growth. This time, the CIC-ratio is expected to grow during financial year 2021, despite the recession caused by the coronavirus (COVID-19) pandemic and a likewise rise in digital payments.
Share of currency in circulation as a share of GDP in India from financial year 2015 to 2020FY 2020 12% FY 2019 11.2% FY 2018 10.7% FY 2017 8.7% FY 2016 12.1% FY 2015 11.6%
| Share of CIC as part of GDP | |
|---|---|
| FY 2020 | 12% |
| FY 2019 | 11.2% |
| FY 2018 | 10.7% |
| FY 2017 | 8.7% |
| FY 2016 | 12.1% |
| FY 2015 |
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