Historical Year Data · 1981

India Credit-to-GDP Gap in 1981

India Credit-to-GDP Gap opened 1981 at 5.8 and closed at 4.8, a -17.24% move for the year. The high of 5.8 was reached on March 31, and the low of 3.4 on September 30.

Open

5.8

1981-01

4.8

4 data points

High

5.8

Mar 31

Low

3.4

Sep 30

Full Year Change

-17.24%

1980 Change

-34.12%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	5.8	5.8	5.8	5.8	+0.00%
Jun	4.6	4.6	4.6	4.6	+0.00%
Sep	3.4	3.4	3.4	3.4	+0.00%
Dec	4.8	4.8	4.8	4.8	+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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