labels: economy - general
External debt for 2005-06 at $125.2 billionnews
01 July 2006

Chennai: The nation''s external debt for 2005-06 now stands at $125.2 billion, up by $2 billion, according to statistics put out by the Reserve Bank of India on Friday. As much as 45.1 per cent of the debt is in US dollars, while another 19.9 per cent is in Indian rupee.

According to the statistics, as of March 2006, the ratio of external debt to GDP has dropped to 15.8 per cent as compared to 17.3 per cent a year ago, and 30.8 per cent as of March 1995.

Though the debt service ratio has risen to 10.2 per cent, as compared to 6.1 per cent in 2004-05, but that increase has largely been due to repayment of the India Millennium Bonds. RBI has also pointed out that the debt service ratio was at a high of 17.1 per cent in the period1999-2000.

The ratio of short-term debt to total debt has risen to 7 per cent, as compared to 6.1 per cent at the end of 2004-05. Similarly, the ratio of short-term debt to reserves have also risen to 5.8 per cent from 5.3 per cent.

 

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External debt for 2005-06 at $125.2 billion