Historical Year Data · 1982
India Credit-to-GDP Gap in 1982
India Credit-to-GDP Gap opened 1982 at 4.4 and closed at 5.9, a +34.09% move for the year. The high of 5.9 was reached on December 31, and the low of 2.7 on September 30.
Open
4.4
1982-01
Close
5.9
4 data points
High
5.9
Dec 31
Low
2.7
Sep 30
Full Year Change
+34.09%
1981 Change
-17.24%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 4.4 | 4.4 | 4.4 | 4.4 | +0.00% |
| Jun | 3.4 | 3.4 | 3.4 | 3.4 | +0.00% |
| Sep | 2.7 | 2.7 | 2.7 | 2.7 | +0.00% |
| Dec | 5.9 | 5.9 | 5.9 | 5.9 | +0.00% |
Events During 1982
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.
1982 Latin American Debt Crisis
Deflation
August 1982 – 1989
Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.
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