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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Deposit Growth YoY fell to 11.1% in July 2024
FMPMonthlyReleased July 2024
India Deposit Growth YoY fell to 11.1% in July 2024, down 1.5% from June's 12.6% reading. The reading missed the 12.5% consensus by 1.4%. Deposit Growth YoY has now declined for 5 consecutive months. Over the past 3 months, Deposit Growth YoY averaged 13.22%, vs 13.37% in the prior 3-month window. Deposit Growth YoY is now the lowest in 13 months.
Latest Release
11.1
Actual
12.5
Consensus
12.6
Previous
Median Absolute Error
±0.45 percentage points
across last 11 releases
Last Call
Jul 2024
Predicted: 12.45
Actual: 11.1
Error: +1.35
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.42 | CRYPTO | Moves with | → View |
| Nikkei 225 | ▲ Direct | +0.36 | INDEX | Moves with | → View |
| Hang Seng | ▲ Direct | +0.36 | INDEX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.29 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Deposit Growth YoY (India) was reported at 17.3% in October 2026. The reading fell from the previous value of 17.8%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 12.25%, ranging from 9.4% to 17.8% across 18 releases.
WHY IT MATTERS
The trailing three releases averaged 16.6%, up from the prior three at 13.8%. Volatility over the past year (σ 2.53%) is higher than the prior year (σ 0.64%). In October readings over the past 3 years, Deposit Growth YoY has averaged 11.87%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with Nikkei 225, positively correlated (Bullish Nikkei 225). Over the last 11 releases, the Sigmacast model's median absolute error is 0.45%.
WHAT TO WATCH NEXT
The next release is scheduled for October 16, 2026. Same-country events in the next 14 days include MPC Meeting Minutes (Oct 21) and S&P Global Composite PMI (Oct 23).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Deposit Growth YoY - IN
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About Deposit Growth YoY — India
DEFINITION
Deposit Growth YoY, or Deposit Growth Year-over-Year, is a financial indicator that measures the percentage change in deposits held by a financial institution over a 12-month period. This metric is used to assess the growth or decline of a bank's deposit base, which can provide insights into its financial stability and performance. A positive Deposit Growth YoY indicates an increase in deposits, while a negative figure suggests a decrease. This indicator is commonly used by investors, analysts, and regulators to evaluate the health and growth potential of a financial institution.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 17.3 %. Prior reading (Sep 2026): 17.8 %. Before that (Aug 2026): 14.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.42) — a useful reference for crypto-focused traders.
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EXPECTED ZONE
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Economic Calendar - IN Events
| Thursday, October 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | IN | Balance of Trade | -30.21 | -26.86 | -29.5 | -29.86 | Medium |
| 09:00 | IN | Imports | 74.61 | 70.67 | 69 | 71.81 | Low |
| 09:00 | IN | Exports | 44.4 | 43.81 | 39.5 | 41.95 | Low |
| 10:30 | IN | Unemployment Rate | 5 | 5 | 5.2 | 5.10 | Low |
| Friday, October 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:30 | IN | Bank Loan Growth YoY | 18.1 | 13.3 | 13.30 | Low | |