213
GDP growth had attained a 3.16% during 1990-91 to 1999-2000 (earlier Table
2.7). And then came a drastic fall in the rate of agricultural GDP growth during
2000-01 to 2004-05 (with also vast year-to-year fluctuations) but there has
occurred, during this period, an unprecedented increase in bank credit to GDP
Table 8.1: Trends in Bank Credit to GDP Ratios: By Sectors
(In percentages)
Year
Total Agriculture
Credit (Direct + Indirect)
Direct Credit to
Agriculture
Industry
Others
(Services Sector)
Total
Credit
1972-73
2.6
1.2
31.8
9.5
11.4
1973-74
2.5
1.2
34.5
10.7
11.9
1974-75
3.0
1.4
32.0
9.0
11.5
1975-76
3.8
2.1
33.1
12.1
13.6
1976-77
4.5
2.7
32.7
15.3
15.5
1977-78
5.1
3.8
33.4
15.9
15.9
1978-79
6.5
5.0
34.4
17.2
17.6
1979-80
7.9
6.1
35.1
16.7
18.3
1980-81
8.1
6.1
35.8
15.5
17.7
1981-82
9.1
6.9
34.9
15.4
18.1
1982-83
9.7
7.2
36.6
16.5
19.3
1983-84
9.8
7.4
33.9
19.1
19.6
1984-85
11.2
8.5
33.1
20.0
20.4
1985-86
11.5
9.1
34.0
19.4
20.6
1986-87
12.1
9.5
36.1
18.6
21.2
1987-88
12.7
10.1
37.5
17.0
21.0
1988-89
12.2
9.9
38.7
17.2
21.2
1989-90
12.6
10.2
42.0
18.3
22.8
1990-91
12.0
9.7
41.9
19.8
23.4
1991-92
11.2
9.2
41.8
18.6
22.3
1992-93
10.9
9.0
43.5
19.3
23.1
1993-94
9.8
7.9
40.6
18.3
21.5
1994-95
9.2
7.4
38.1
20.9
22.1
1995-96
9.8
8.4
39.9
20.1
22.8
1996-97
9.0
7.7
40.5
18.8
21.8
1997-98
9.4
8.1
42.1
19.4
22.8
1998-99
9.5
7.9
43.8
19.1
22.9
1999-00
10.0
8.5
45.6
21.7
24.9
2000-01
11.2
9.4
45.5
24.8
27.0
2001-02
12.8
9.5
49.8
28.5
30.3
2002-03
15.7
12.2
50.5
29.9
32.3
2003-04
17.7
12.9
49.0
32.2
33.6
2004-05
22.0
16.7
53.8
36.9
38.8
2005-06
27.1
19.5
59.4
43.1
44.6
2006-07
31.8
23.7
65.1
46.6
49.3
2007-08
32.8
25.4
69.8
50.3
52.7
2008-09
32.8
25.3
75.6
49.1
53.7
2009-10
36.0
27.4
79.9
48.0
54.8
2010-11
35.3
28.9
80.5
50.6
56.1
Note:
Bank Credit data up to March 1989 represent averages of two half-yearly data for June and December.
These ratios represent bank credit outstanding for scheduled commercial banks divided by sectoral GDP
for the year at current prices.
Source:
Bank credit data are from
RBI’s Basic Statistical Returns
presented in earlier sections and GDP
ata are from the CSO’s National Accounts Statistics based on the latest 2004-05 series
