Historical Year Data · 2003

India Credit-to-GDP Gap in 2003

India Credit-to-GDP Gap opened 2003 at 8.6 and closed at 5.5, a -36.05% move for the year. The high of 8.6 was reached on March 31, and the low of 4.9 on September 30.

Open

8.6

2003-01

5.5

4 data points

High

8.6

Mar 31

Low

4.9

Sep 30

Full Year Change

-36.05%

2002 Change

+58.33%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	8.6	8.6	8.6	8.6	+0.00%
Jun	6.9	6.9	6.9	6.9	+0.00%
Sep	4.9	4.9	4.9	4.9	+0.00%
Dec	5.5	5.5	5.5	5.5	+0.00%

Events During 2003

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

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