Real interest rate in India: 5.6% (Real interest rate, 2022). Real interest rate (%) in India: 5.6% in 2022. In 2010 it was -2.0%.
Data last updated · Period: 2010–2022
Understanding the chart
The line chart above tracks real interest rate (%) in India for each year from 2010 to 2022, 13 data points in all. Each dot is one year; the first and last years and the highest point are labelled with their values, and the vertical scale is in %. A dashed line marks zero, and the 1 years below zero are shown in red. The data table below the chart lists every value, and you can download the data, embed the chart or share it from the buttons above. The figures cover 2010–2022 and come from World Bank, World Development Indicators (CC BY 4.0).
Key insights
- Between 2010 and 2022, India's real interest rate rose from -2.0% to 5.6%, a rise of 7.5 percentage points.
- The highest value in this period was 7.6% in 2015; the lowest was -2.0% in 2010.
- Recently, the figure has moved up and down over the last three years (2021: 0.3%; 2022: 5.6%).
- The value was negative in 1 of the 13 years shown.
- In Southern Asia, India has the 3rd-highest value of 4 countries with recent data; the highest is Bhutan (8.3%), and the typical (median) value is 6.8%.
Analysis
Averaged over periods, the figure was 2.5% in 2010 to 2014, 6.3% in 2015 to 2019 and 3.3% in 2020 onwards. The value went up in 8 of the 12 year-to-year steps and down in 4. The biggest one-year rise came in 2022 (+5.2 percentage points). The biggest one-year fall came in 2021 (−3.8 percentage points). Year to year, the figure typically varied by about 2.9 percentage points around its average of 4.1%, a moderately variable pattern.
India and its neighbours
Real interest rate (%) among 4 countries in Southern Asia with recent data, ranked from highest to lowest.
| Rank in region | Country | Value | Year |
|---|---|---|---|
| 1 | Bhutan | 8.3% | 2025 |
| 2 | Maldives | 8.1% | 2025 |
| 3 | India | 5.6% | 2022 |
| 4 | Bangladesh | 2.0% | 2025 |
India on related measures
- Lending interest rate (%): 8.6% (2022)
- Official exchange rate (local currency per US$, annual average): 87.16 per US$ (2025, 66th-highest of 205 countries)
- Credit to the private sector (% of GDP): 44.0% (2025, 75th-highest of 154 countries)
- Commercial bank branches (per 100,000 adults): 14.6 (2024, 66th-highest of 167 countries)
- ATMs (per 100,000 adults): 24.5 (2024, 121st-highest of 171 countries)
What it means
For businesses and investors, the figure is most useful alongside related measures for the same country, such as growth, inflation, population and incomes, and compared with similar countries. Compared with its neighbours in Southern Asia, where the typical value is 6.8%, India is 1.3 percentage points lower.
About this statistic
The lending interest rate adjusted for inflation, using the GDP deflator. Source: World Bank, World Development Indicators.
For the full definition, caveats and every country ranked, see Real interest rate (%) by country, 2025.
Questions and answers
What is the real interest rate (%) in India?
5.6% (Real interest rate, 2022). Real interest rate (%) in India: 5.6% in 2022. In 2010 it was -2.0%.
How has real interest rate in India changed since 2010?
Between 2010 and 2022, India's real interest rate rose from -2.0% to 5.6%, a rise of 7.5 percentage points. The highest value in this period was 7.6% in 2015; the lowest was -2.0% in 2010.
How this page was made
Generated by Advanton from World Bank, World Development Indicators (2010–2022), data updated 8 November 2026: chart, ranks, comparisons and text are computed from the published figures; no figures are changed. About the data.
Data
| Year | Real interest rate (%) |
|---|---|
| 2010 | -2.0% |
| 2011 | 1.3% |
| 2012 | 2.5% |
| 2013 | 3.9% |
| 2014 | 6.7% |
| 2015 | 7.6% |
| 2016 | 6.2% |
| 2017 | 5.3% |
| 2018 | 5.4% |
| 2019 | 6.9% |
| 2020 | 4.1% |
| 2021 | 0.3% |
| 2022 | 5.6% |
Source and notes
Source: World Bank, World Development Indicators (CC BY 4.0). Period: 2010–2022. Coverage: India.
The lending interest rate adjusted for inflation, using the GDP deflator. Shows the true cost of borrowing after inflation. Negative values mean inflation is running above lending rates.
Cite this statistic
Please also credit the original source: World Bank, World Development Indicators (CC BY 4.0).Related statistics
- Real interest rate (%) by country, 2025
- Real interest rate (%) in Bangladesh, 2010–2025
- Real interest rate (%) in Bhutan, 2010–2025
- Real interest rate (%) in Maldives, 2010–2025
- GDP of India, 2010–2025
- Economic growth (GDP growth) in India, 2010–2025
- GDP per person in India, 2010–2025
- GDP per person, adjusted for prices (PPP, international $) in India, 2010–2024
- Income per person (GNI, Atlas method, US$) in India, 2010–2025
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