India Money Supply M2  Forecast


Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows clients to download millions of rows of historical data, to query our real-time economic calendar and to subscribe to updates.

Interested? Click here to contact us


Money Supply M2 in India is expected to be 28099.60 INR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Money Supply M2 in India to stand at 28017.82 in 12 months time. In the long-term, the India Money Supply M2 is projected to trend around 27724.44 INR Billion in 2020, according to our econometric models.


India Money Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 6 6 6 6 6 4.75
Cash Reserve Ratio 4 4 4 4 4 4
Interbank Rate 6.11 6.3 6.33 6.48 6.62 5.5
Money Supply M1 28813 27275 27284 27253 27231 27017
Money Supply M2 29069 28100 28086 28052 28018 27724
Money Supply M3 131812 133192 135153 136380 137155 137944
Central Bank Balance Sheet 17025 17775 17655 17532 17411 16386
Foreign Exchange Reserves 399290 399003 398703 398403 398104 395432
Loan Growth 7.2 7.9 8.46 8.76 9.03 7
Reverse Repo Rate 5.75 5.75 5.79 5.85 5.91 6.13