Exploratory Analysis of Credit and GDP Growth Rates for Tamil Nadu
This post is the next in the credit depth series. While the previous post covered trends in Credit-to-GDP variable for the districts of Tamil Nadu, this post will elucidate trends related to Compounded Annual Growth Rate (CAGR, henceforth referred to as growth rate)1 of Credit, Gross State Domestic Product (GSDP) and Credit-to-GDP variables.
Exploratory Analysis of Credit-to-GDP Variable for Tamil Nadu
In the previous blog posts of this series, we had outlined that the various aspects of financial development like depth (Credit to Gross Domestic Product (GDP) ratios), and access (per cent of population with bank accounts in urban and rural areas, and distribution of payment access points per 10,000 eligible persons) vary not only between Indian states, but also considerably between different districts.
