The difference between the credit-to-GDP ratio and its long-term trend is known as the credit-to-GDP gap. You can read about The Reserve Bank of India: Functions and Composition in the given link.
Further readings:
- Debt-to-GDP Ratio: Definition, Application and India’s Context
- Topic-Wise GS 3 Questions for UPSC Mains
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Related Links |
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GDP of India – Details on Background, Method of Estimation & More for UPSC GS-III Notes |
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UPSC Preparation: Syllabus and Strategy for Economics – Prelims, Mains & Optional |
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