Year

Major monetary ratios

Income velocity

C/DD

BR/DD

C/AD

BR/AD

GDP/C

M1 /RM

M3 /RM

GDP/M3

GDP/M1

1

2

3

4

5

6

7

8

9

10

1951-52

2.28

0.19

1.45

0.12

1.32

1.55

4.81

5.64

8.21

1952-53

2.26

0.18

1.37

0.11

1.33

1.59

4.94

5.92

8.60

1953-54

2.38

0.18

1.38

0.10

1.32

1.60

5.28

6.39

9.14

1954-55

2.31

0.18

1.35

0.10

1.33

1.61

4.75

5.77

8.31

1955-56

2.36

0.17

1.35

0.10

1.33

1.62

4.34

5.31

7.59

1956-57

2.39

0.16

1.34

0.09

1.33

1.63

4.74

5.83

8.30

1957-58

2.26

0.19

1.18

0.10

1.33

1.70

4.46

5.72

8.29

1958-59

2.36

0.20

1.06

0.09

1.31

1.79

4.56

6.21

8.88

1959-60

2.51

0.19

0.99

0.08

1.30

1.86

4.29

6.14

8.64

1960-61

2.61

0.21

1.01

0.08

1.28

1.83

4.40

6.30

8.78

1961-62

2.69

0.18

1.07

0.07

1.28

1.80

4.55

6.39

8.82

1962-63

2.64

0.17

1.05

0.07

1.29

1.83

4.45

6.31

8.75

1963-64

2.41

0.15

1.05

0.07

1.33

1.83

4.70

6.47

9.22

1964-65

2.19

0.14

1.01

0.06

1.37

1.86

4.98

6.78

9.95

1965-66

2.07

0.13

0.96

0.06

1.39

1.91

4.77

6.53

9.74

1966-67

1.91

0.14

0.89

0.06

1.42

1.97

4.84

6.75

10.34

1967-68

1.80

0.14

0.84

0.06

1.44

2.03

5.20

7.32

11.46

1968-69

1.78

0.14

0.80

0.06

1.44

2.07

4.98

7.15

11.30

1969-70

1.71

0.15

0.75

0.07

1.45

2.13

4.84

7.10

11.36

1970-71

1.53

0.14

0.68

0.06

1.51

2.26

4.42

6.62

11.02

1971-72

1.46

0.14

0.63

0.06

1.53

2.34

4.14

6.32

10.73

1972-73

1.31

0.14

0.57

0.06

1.59

2.48

3.92

6.15

10.90

1973-74

1.29

0.20

0.55

0.09

1.53

2.43

3.98

6.33

11.27

1974-75

1.20

0.18

0.51

0.07

1.59

2.58

4.14

6.69

12.31

1975-76

1.09

0.15

0.45

0.06

1.68

2.81

3.96

6.63

12.77

1976-77

1.02

0.18

0.41

0.07

1.68

2.93

3.56

6.20

12.32

1977-78

1.00

0.24

0.37

0.09

1.61

2.96

3.36

6.16

12.34

1978-79

1.58

0.47

0.35

0.10

1.26

2.95

3.02

7.09

11.70

1979-80

1.52

0.55

0.34

0.12

1.22

2.88

2.76

6.54

10.99

1980-81

1.49

0.56

0.32

0.12

1.21

2.95

2.82

6.88

11.63

1981-82

1.40

0.57

0.30

0.12

1.22

3.04

2.82

7.04

12.15

1982-83

1.43

0.56

0.29

0.12

1.22

3.15

2.75

7.09

12.12

1983-84

1.46

0.57

0.29

0.11

1.21

3.21

2.72

7.20

12.19

1984-85

1.48

0.60

0.29

0.12

1.19

3.14

2.58

6.81

11.50

1985-86

1.43

0.61

0.28

0.12

1.19

3.24

2.50

6.81

11.62

1986-87

1.36

0.68

0.26

0.13

1.16

3.22

2.38

6.64

11.59

1987-88

1.41

0.82

0.26

0.15

1.08

3.08

2.31

6.58

11.32

1988-89

1.39

0.86

0.25

0.15

1.06

3.08

2.35

6.82

11.81

1989-90

1.35

0.85

0.25

0.16

1.07

3.08

2.27

6.55

11.47

1990-91

1.37

0.81

0.25

0.15

1.09

3.11

2.28

6.52

11.43

1991-92

1.27

0.78

0.25

0.15

1.11

3.11

2.23

6.28

11.39

1992-93

1.25

0.76

0.23

0.14

1.11

3.20

2.17

6.23

11.61

1993-94

1.34

0.80

0.24

0.14

1.09

3.19

2.15

6.30

11.27

1994-95

1.26

0.78

0.24

0.15

1.10

3.12

2.12

5.99

10.97

1995-96

1.40

0.75

0.26

0.14

1.11

3.10

2.15

5.99

10.60

1996-97

1.41

0.64

0.25

0.11

1.17

3.39

2.13

6.17

10.80

1997-98

1.39

0.61

0.23

0.10

1.19

3.60

2.02

6.13

10.71

1998-99

1.36

0.62

0.22

0.10

1.19

3.84

1.93

6.23

10.96

1999-00

1.40

0.56

0.21

0.09

1.22

4.03

1.85

6.11

10.61

2000-01

1.33

0.51

0.20

0.08

1.26

4.33

1.72

5.91

10.46

2001-02

1.36

0.50

0.19

0.07

1.27

4.52

1.61

5.74

10.04

2002-03

1.41

0.44

0.19

0.06

1.30

4.80

1.49

5.50

9.47

2003-04 P

1.36

0.43

0.19

0.06

1.32

4.76

1.48

5.36

9.36

2004-05 P

1.30

0.40

0.19

0.06

1.35

4.79

1.47

5.20

9.28

P :Provisional.
C :Currency with the public.
DD :Demand deposits with banks.
BR :Bank reserves (balances with RBI plus cash with banks).
AD :Aggregate deposits.
RM :Reserve money.
:Narrow money.
^M1:Broad money.
^M3GDP :Gross Domestic Product at current market prices.
Note :Data are based on average monetary aggregates and annual GDP.