Historical Year Data · 1981

India Credit-to-GDP Gap in 1981

India Credit-to-GDP Gap opened 1981 at 5.77 and closed at 4.85, a -15.96% move for the year. The high of 5.77 was reached on March 31, and the low of 3.38 on September 30.

Open

5.77

1981-01

4.85

4 data points

High

5.77

Mar 31

Low

3.38

Sep 30

Full Year Change

-15.96%

1980 Change

-33.57%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	5.77	5.77	5.77	5.77	+0.00%
Jun	4.56	4.56	4.56	4.56	+0.00%
Sep	3.38	3.38	3.38	3.38	+0.00%
Dec	4.85	4.85	4.85	4.85	+0.00%

Events During 1981

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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Historical Year Data · 1981

India Credit-to-GDP Gap in 1981

India Credit-to-GDP Gap opened 1981 at 5.77 and closed at 4.85, a -15.96% move for the year. The high of 5.77 was reached on March 31, and the low of 3.38 on September 30.