India’s external debt up 5.8 % at over $365 bn at end-September 2012

31 Dec 2012

1

India's total external debt stock stood at $365.3 billion at end-September 2012, recording an increase of about $20 billion (5.8 per cent) over the level at end-March 2012. The rise in external debt has largely been due to higher NRI deposits, short-term debt and commercial borrowings, official data released today showed.

Of this, long-term debt was $280.8 billion at end-September 2012, showing an increase of 5.1 per cent over the end-March 2012 level, while short-term debt increased by 8.1 per cent to $84.5 billion.

Short-term debt accounted for 23.1 per cent of India's total external debt, while the remaining (76.9 per cent) was long-term debt.

Component-wise, the share of commercial borrowings stood highest at 29.8 per cent, followed by NRI deposits (18.3 per cent) and multilateral debt (13.9 per cent).

Government (sovereign) external debt stood at $81.5 billion, (22.3 per cent of total external debt) at end-September 2012 vis-a-vis $81.9 billion (23.7 per cent) at end-March 2012.

The share of dollar denominated debt accounted for 55.7 per cent of India's total external debt stock at end-September 2012, followed by rupee debt (22.9 per cent), Japanese yen (8.6 per cent), SDR (8.1 per cent) and euro (3.2 per cent).

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more