Historical Year Data · 2008

India Credit-to-GDP Gap in 2008

India Credit-to-GDP Gap opened 2008 at 21.9 and closed at 17.1, a -21.92% move for the year. The high of 21.9 was reached on March 31, and the low of 17.1 on December 31.

Open

21.9

2008-01

17.1

4 data points

High

21.9

Mar 31

Low

17.1

Dec 31

Full Year Change

-21.92%

2007 Change

-25.11%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	21.9	21.9	21.9	21.9	+0.00%
Jun	17.7	17.7	17.7	17.7	+0.00%
Sep	18.2	18.2	18.2	18.2	+0.00%
Dec	17.1	17.1	17.1	17.1	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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