{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"in-real-interest-rate","url":"https://apiardata.com/statistics/in-real-interest-rate","html_url":"https://apiardata.com/statistics/in-real-interest-rate/","title":"India Real Interest Rate (2022)","description":"India's Real Interest Rate: 5.6 % per annum (inflation-adjusted) in 2022, +5.3pp YoY. World Bank (FR.INR.RINR), 1978–2022.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","World Bank","India","2022"],"publisher":"World Bank","frequency":"Annual","geography":"India","temporal_coverage":"1978/2022","unit":"% per annum (inflation-adjusted)","last_updated":"2026-07-26","last_updated_text":"26 July 2026","data_as_of":"2022","variable_measured":"India Real Interest Rate","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/FR.INR.RINR?locations=IN"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1978–2022"},{"label":"Observations","value":"45"},{"label":"Geography","value":"India"},{"label":"Last updated","value":"26 July 2026"}],"kpis":[{"label":"India (2022)","value":"5.6","unit":"% per annum (inflation-adjusted)","trend":{"direction":"up","value":"+5.3pp YoY"}},{"label":"YoY Change","value":"+5.3pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"45","unit":"years of data"}],"series":[{"key":"value","label":"India Real Interest Rate"}],"observation_count":45,"observations":[{"period":"1978","value":10.7746313305714},{"period":"1979","value":-1.06114574402858},{"period":"1980","value":4.47650826009704},{"period":"1981","value":5.1182367392531},{"period":"1982","value":7.77470724503421},{"period":"1983","value":7.32098668327309},{"period":"1984","value":7.94709992026037},{"period":"1985","value":8.68167358498806},{"period":"1986","value":9.09322414718553},{"period":"1987","value":6.56018009322035},{"period":"1988","value":7.6386329996466},{"period":"1989","value":7.43584324464408},{"period":"1990","value":5.26952700008166},{"period":"1991","value":3.62471659370101},{"period":"1992","value":9.13274940718683},{"period":"1993","value":5.81477651395944},{"period":"1994","value":4.33710973482931},{"period":"1995","value":5.86417811143065},{"period":"1996","value":7.79299429998575},{"period":"1997","value":6.90957899433557},{"period":"1998","value":5.12127632786376},{"period":"1999","value":9.19124732414105},{"period":"2000","value":8.34261083169541},{"period":"2001","value":8.59144929472996},{"period":"2002","value":7.90717718905634},{"period":"2003","value":7.30788115992965},{"period":"2004","value":4.91012830439652},{"period":"2005","value":4.85514517170548},{"period":"2006","value":2.57060670308207},{"period":"2007","value":5.68184406266903},{"period":"2008","value":3.77175624993679},{"period":"2009","value":4.80859210783414},{"period":"2010","value":-1.98385922190105},{"period":"2011","value":1.31798086277381},{"period":"2012","value":2.47352048879141},{"period":"2013","value":3.8659928626783},{"period":"2014","value":6.6951760905166},{"period":"2015","value":7.55648841350514},{"period":"2016","value":6.23271141480041},{"period":"2017","value":5.3276088624176},{"period":"2018","value":5.36166638952418},{"period":"2019","value":6.8948754272989},{"period":"2020","value":4.13599957785852},{"period":"2021","value":0.316945144201484},{"period":"2022","value":5.55501946152238}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% per annum (inflation-adjusted)"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2022","value":"5.6","yoyChange":"+5.3pp"},{"year":"2021","value":"0.3","yoyChange":"-3.8pp"},{"year":"2020","value":"4.1","yoyChange":"-2.8pp"},{"year":"2019","value":"6.9","yoyChange":"+1.5pp"},{"year":"2018","value":"5.4","yoyChange":"+0.1pp"},{"year":"2017","value":"5.3","yoyChange":"-0.9pp"},{"year":"2016","value":"6.2","yoyChange":"-1.4pp"},{"year":"2015","value":"7.6","yoyChange":"+0.9pp"},{"year":"2014","value":"6.7","yoyChange":"+2.8pp"},{"year":"2013","value":"3.9","yoyChange":"+1.4pp"},{"year":"2012","value":"2.5","yoyChange":"+1.2pp"},{"year":"2011","value":"1.3","yoyChange":"+3.3pp"},{"year":"2010","value":"-2.0","yoyChange":"-6.8pp"},{"year":"2009","value":"4.8","yoyChange":"+1.0pp"},{"year":"2008","value":"3.8","yoyChange":"-1.9pp"},{"year":"2007","value":"5.7","yoyChange":"+3.1pp"},{"year":"2006","value":"2.6","yoyChange":"-2.3pp"},{"year":"2005","value":"4.9","yoyChange":"unchanged"},{"year":"2004","value":"4.9","yoyChange":"-2.4pp"},{"year":"2003","value":"7.3","yoyChange":"-0.6pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks the real interest rate (lending rate adjusted for inflation using GDP deflator) in India from 1990 to present. Real rates determine the true cost of capital for investment. It is published by World Bank and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2022. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1978–2022 (45 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 10.8 % per annum (inflation-adjusted) in 1978 and reached its lowest recorded value of -2 in 2010. The latest reading of 5.6 in 2022 represents a change of +5.3pp."}]}