Historical Year Data · 1979

India Credit-to-GDP Gap in 1979

India Credit-to-GDP Gap opened 1979 at 7.8 and closed at 9.2, a +17.95% move for the year. The high of 9.2 was reached on December 31, and the low of 7.8 on March 31.

Open

7.8

1979-01

9.2

4 data points

High

9.2

Dec 31

Low

7.8

Mar 31

Full Year Change

+17.95%

1978 Change

+45.76%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	7.8	7.8	7.8	7.8	+0.00%
Jun	8.3	8.3	8.3	8.3	+0.00%
Sep	8.3	8.3	8.3	8.3	+0.00%
Dec	9.2	9.2	9.2	9.2	+0.00%

Events During 1979

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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