Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Total population1,339.18 million1,324.17 million1,309.05 million
    WDI
    		A.1.1
    Total number of households  246.69 million
    Government of India
    		A.1.2
    Urban population (% of total)33.54% of total33.14% of total32.75% of total
    WDI
    		A.1.4
    Urban population growth (annual %)2.32%2.33%2.34%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    GDP, current prices (U.S. dollars)2,611,012 USD (millions)2,288,715 USD (millions)2,090,706 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)9,459,002 USD (millions)8,642,758 USD (millions)7,965,162 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)1,982.7 USD 1,747.49 USD 1,617.31 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)7,182.8 USD 6,598.97 USD 6,161.62 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)6.74%7.45%7.34%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)4.68%5.14%5.35%
    WEO
    		A.2.6
    GDP, deflator (Index)129.09125.25120.36
    WEO
    		A.2.7
    Consumer price index160.13154.95147.66
    WDI
    		A.2.8
    GINI Index  33.90
    WDI
    		A.2.9
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Unemployed3.52%3.51%3.49%
    WDI
    		A.2.14.3
    Interest Rates:A.2.15
    Central bank lending/discount rate6.25%6.75%7.75%
    IFS
    		A.2.15.1
    Yield on 10-year Government bond6.97%7.17%7.77%
    IFS
    		A.2.15.3
    Lending rate9.51%9.67%10.01%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Number of dwelling units:B.1.1
    Total  246.74 millionB.1.1.1
    Total Urban  78.87 millionB.1.1.2
    Characteristics of housing stock:B.1.3
    % of substandard dwelling units  5.35% of totalB.1.3.2
    Tenure in urban areas (%):B.1.4
    Owner-occupied units  86.56% of totalB.1.4.1
    Private rental units  11.09% of totalB.1.4.3
    Other forms of tenure   2.35% of totalB.1.4.5
    Estimated Number of units completed/yearB.1.5
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    Yearly Rate7.49%8.34%9.75%B.2.3.1
    M2 construction cost for median quality houseB.2.4

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    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: Banks are required to adhere to "directives issued by Reserve Bank of India" but there is no hard interest rate cap as a measure of standard macro-prudential regulation.
    Notes: Banks are required to adhere to "directives issued by Reserve Bank of India" but there is no hard interest rate cap as a measure of standard macro-prudential regulation.
    Notes: Banks are required to adhere to "directives issued by Reserve Bank of India" but there is no hard interest rate cap as a measure of standard macro-prudential regulation.
    Notes: Banks are required to adhere to "directives issued by Reserve Bank of India" but there is no hard interest rate cap as a measure of standard macro-prudential regulation.
    Notes: Banks are required to adhere to "directives issued by Reserve Bank of India" but there is no hard interest rate cap as a measure of standard macro-prudential regulation.
    Notes: Banks are required to adhere to "directives issued by Reserve Bank of India" but there is no hard interest rate cap as a measure of standard macro-prudential regulation.
    Notes: Banks are required to adhere to "directives issued by Reserve Bank of India" but there is no hard interest rate cap as a measure of standard macro-prudential regulation.
    Notes: Banks are required to adhere to "directives issued by Reserve Bank of India" but there is no hard interest rate cap as a measure of standard macro-prudential regulation. 
    Notes: Both HUDCO and NHB are publicly owned and serve as smaller primary lenders to lower income group (LIG) segments of India's borrowers.
    Notes: Both HUDCO and NHB are publicly owned and serve as smaller primary lenders to lower income group (LIG) segments of India's borrowers.
    Notes: Both HUDCO and NHB are publicly owned and serve as smaller primary lenders to lower income group (LIG) segments of India's borrowers.
    Notes: Both HUDCO and NHB are publicly owned and serve as smaller primary lenders to lower income group (LIG) segments of India's borrowers.
    Notes: Both HUDCO and NHB are publicly owned and serve as smaller primary lenders to lower income group (LIG) segments of India's borrowers.
    Notes: Both HUDCO and NHB are publicly owned and serve as smaller primary lenders to lower income group (LIG) segments of India's borrowers. 
    Notes: Certain special withholding taxes exist for the sale of real property.
    Notes: Certain special withholding taxes exist for the sale of real property.
    Notes: Certain special withholding taxes exist for the sale of real property.
    Notes: Certain special withholding taxes exist for the sale of real property.
    Notes: Certain special withholding taxes exist for the sale of real property.
    Notes: Certain special withholding taxes exist for the sale of real property. 
    Notes: Commercial banks have been the largest mortgage lenders to individuals, whose funds primarily come from retail operations.
    Notes: Commercial banks have been the largest mortgage lenders to individuals, whose funds primarily come from retail operations.
    Notes: Commercial banks have been the largest mortgage lenders to individuals, whose funds primarily come from retail operations.
    Notes: Commercial banks have been the largest mortgage lenders to individuals, whose funds primarily come from retail operations.
    Notes: Commercial banks have been the largest mortgage lenders to individuals, whose funds primarily come from retail operations.
    Notes: Commercial banks have been the largest mortgage lenders to individuals, whose funds primarily come from retail operations. 
    Notes: Defined by the Ministry of Home Affairs as "dilapidated housing units."
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Excludes cooperatives and MFIs
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas."
    Notes: Housing and Urban Development Corporation Limited (HUDCO) is publicly-owned and focuses on "providing long term finance…[to] individual borrowers belonging to all sections of the society in urban and rural areas." 
    Notes: IMGC began business in 2013 as a joint venture between various government agencies and NGOs. Its purpose is to enable lenders to provide higher loan amounts while allowing them to mitigate credit risk.
    Notes: IMGC began business in 2013 as a joint venture between various government agencies and NGOs. Its purpose is to enable lenders to provide higher loan amounts while allowing them to mitigate credit risk.
    Notes: IMGC began business in 2013 as a joint venture between various government agencies and NGOs. Its purpose is to enable lenders to provide higher loan amounts while allowing them to mitigate credit risk.
    Notes: IMGC began business in 2013 as a joint venture between various government agencies and NGOs. Its purpose is to enable lenders to provide higher loan amounts while allowing them to mitigate credit risk. 
    Notes: No comprehensive country-wide system of property tax in effect.
    Notes: No comprehensive country-wide system of property tax in effect.
    Notes: No comprehensive country-wide system of property tax in effect.
    Notes: No comprehensive country-wide system of property tax in effect.
    Notes: No comprehensive country-wide system of property tax in effect.
    Notes: No comprehensive country-wide system of property tax in effect.
    Notes: Part of the Government's PMAY (Housing for All) program for 2015-2022. "In-Situ" Slum Redevelopment includes government grants to individuals in order to have their housing unit redeveloped by private developers.
    Notes: Part of the Government's PMAY (Housing for All) program for 2015-2022. "In-Situ" Slum Redevelopment includes government grants to individuals in order to have their housing unit redeveloped by private developers.
    Notes: Part of the Government's PMAY (Housing for All) program for 2015-2022. "In-Situ" Slum Redevelopment includes government grants to individuals in order to have their housing unit redeveloped by private developers. 
    Notes: Part of the Government's PMAY (Housing for All) program for 2015-2022. Down payment subsidies are available to households for eligible Economically Weakened Section (EWS) families.
    Notes: Part of the Government's PMAY (Housing for All) program for 2015-2022. Down payment subsidies are available to households for eligible Economically Weakened Section (EWS) families.
    Notes: Part of the Government's PMAY (Housing for All) program for 2015-2022. Down payment subsidies are available to households for eligible Economically Weakened Section (EWS) families. 
    Notes: Part of the Government's PMAY (Housing for All) program for 2015-2022. The Credit Linked Subsidy Scheme (CLSS) is a program that offers a subsidized interest rate of 6.5% for low income group (LIG) homebuyers that take out mortgages from banks, housing finance companies, and other financial institutions.
    Notes: Part of the Government's PMAY (Housing for All) program for 2015-2022. The Credit Linked Subsidy Scheme (CLSS) is a program that offers a subsidized interest rate of 6.5% for low income group (LIG) homebuyers that take out mortgages from banks, housing finance companies, and other financial institutions.
    Notes: Part of the Government's PMAY (Housing for All) program for 2015-2022. The Credit Linked Subsidy Scheme (CLSS) is a program that offers a subsidized interest rate of 6.5% for low income group (LIG) homebuyers that take out mortgages from banks, housing finance companies, and other financial institutions. 
    Notes: The Government of India created the Credit Risk Guarantee Fund Trust (CRGFT) in 2012 in order to improve access to loans for Low Income Group (LIG) indivduals and families. The Fund offers mortgage insurance to primary lenders for individual loans that target the poor, thereby reducing the credit risk of the bank.
    Notes: The Government of India created the Credit Risk Guarantee Fund Trust (CRGFT) in 2012 in order to improve access to loans for Low Income Group (LIG) indivduals and families. The Fund offers mortgage insurance to primary lenders for individual loans that target the poor, thereby reducing the credit risk of the bank.
    Notes: The Government of India created the Credit Risk Guarantee Fund Trust (CRGFT) in 2012 in order to improve access to loans for Low Income Group (LIG) indivduals and families. The Fund offers mortgage insurance to primary lenders for individual loans that target the poor, thereby reducing the credit risk of the bank.
    Notes: The Government of India created the Credit Risk Guarantee Fund Trust (CRGFT) in 2012 in order to improve access to loans for Low Income Group (LIG) indivduals and families. The Fund offers mortgage insurance to primary lenders for individual loans that target the poor, thereby reducing the credit risk of the bank.
    Notes: The Government of India created the Credit Risk Guarantee Fund Trust (CRGFT) in 2012 in order to improve access to loans for Low Income Group (LIG) indivduals and families. The Fund offers mortgage insurance to primary lenders for individual loans that target the poor, thereby reducing the credit risk of the bank.
    Notes: The Government of India created the Credit Risk Guarantee Fund Trust (CRGFT) in 2012 in order to improve access to loans for Low Income Group (LIG) indivduals and families. The Fund offers mortgage insurance to primary lenders for individual loans that target the poor, thereby reducing the credit risk of the bank. 
    Notes: The National Housing Bank makes refinancing loans to primary lending institutions at below market rates as a subsidy to lenders. Housing finance corporations, which are second in size only to scheduled commercial banks (SCBs), are primarily funded by loans from other financial institutions.
    Notes: The National Housing Bank makes refinancing loans to primary lending institutions at below market rates as a subsidy to lenders. Housing finance corporations, which are second in size only to scheduled commercial banks (SCBs), are primarily funded by loans from other financial institutions.
    Notes: The National Housing Bank makes refinancing loans to primary lending institutions at below market rates as a subsidy to lenders. Housing finance corporations, which are second in size only to scheduled commercial banks (SCBs), are primarily funded by loans from other financial institutions.
    Notes: The National Housing Bank makes refinancing loans to primary lending institutions at below market rates as a subsidy to lenders. Housing finance corporations, which are second in size only to scheduled commercial banks (SCBs), are primarily funded by loans from other financial institutions.
    Notes: The National Housing Bank makes refinancing loans to primary lending institutions at below market rates as a subsidy to lenders. Housing finance corporations, which are second in size only to scheduled commercial banks (SCBs), are primarily funded by loans from other financial institutions.
    Notes: The National Housing Bank makes refinancing loans to primary lending institutions at below market rates as a subsidy to lenders. Housing finance corporations, which are second in size only to scheduled commercial banks (SCBs), are primarily funded by loans from other financial institutions. 
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans.
    Notes: The National Housing Bank operates as an arm of the Reserve Bank of India, extending loans at concessional interest rates to HFCs, banks, and other co-op institutions against their housing loans. 
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987.
    Notes: The NHB is in control of regulating and supervising housing finance companies in India, as per the provisions of the National Housing Bank Act, 1987. 
    Notes: Up to INR 2 million LTV capped at 90%. From INR 2 million to 7.5 million, capped at 80%--75% for values beyond that.
    Notes: Up to INR 2 million LTV capped at 90%. From INR 2 million to 7.5 million, capped at 80%--75% for values beyond that.