Historical Year Data · 1980

India Credit-to-GDP Gap in 1980

India Credit-to-GDP Gap opened 1980 at 8.5 and closed at 5.6, a -34.12% move for the year. The high of 8.5 was reached on March 31, and the low of 4.3 on September 30.

Open

8.5

1980-01

5.6

4 data points

High

8.5

Mar 31

Low

4.3

Sep 30

Full Year Change

-34.12%

1979 Change

+17.95%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	8.5	8.5	8.5	8.5	+0.00%
Jun	6.3	6.3	6.3	6.3	+0.00%
Sep	4.3	4.3	4.3	4.3	+0.00%
Dec	5.6	5.6	5.6	5.6	+0.00%

Events During 1980

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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