Year |
Major monetary ratios |
Income velocity |
|
C/DD |
BR/DD |
C/AD |
BR/AD |
M1 /RM |
M3 /RM |
GDP/M3 |
GDP/M1 |
GDP/C |
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 |
2005-06 P |
1.18 |
0.39 |
0.18 |
0.06 |
1.39 |
4.79 |
1.43 |
4.93 |
9.17 |
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.
M1 Narrow money.
M3 Broad money.
GDP Gross Domestic Product at current market prices.
Note : Data are based on average monetary aggregates and annual GDP. |