PREVIOUS
✖
India’s External Debt
July 11 , 2023
373 days
440
0
- India’s external debt, at end-March 2023, was increased by $5.6 billion to $624.7 billion.
- The external debt to GDP ratio declined to 18.9% at end-March from 20% a year earlier.
- Excluding the valuation effect, external debt would have increased by $26.2 billion instead of $5.6 billion at end-March 2023 over end-March 2022.
- The share of short-term debt (up to one year) in total external debt increased to 20.6 percent at end-March 2023 from 19.7 percent at end-March 2022.
- US dollar-denominated debt remained the largest component of India's external debt, with a share of 54.6 percent at end-March 2023.
- It is followed by debt denominated in the Indian rupee (29.8 percent), SDR (6.1 percent), yen (5.7 percent), and the euro (3.2 percent).
- The Loans remained the largest component of external debt, with a share of 32.5 percent.
- It followed by currency and deposits (22.6 percent), trade credit and advances (19.9 percent) and debt securities.
Leave a Reply
Your Comment is awaiting moderation.