Advertisement
trendingNowenglish1840346https://zeenews.india.com/business/news/economy/indias-external-debt-rises-1-7-in-apr-sep-to-usd-483-2-billion_1840346.html

India's external debt rises 1.7% in Apr-Sep to USD 483.2 billion

 India's external debt edged up by 1.7 per cent during the first six months of the ongoing fiscal to USD 483.2 billion at the September-end, the government said

India's external debt rises 1.7% in Apr-Sep to USD 483.2 billion

New Delhi: India's external debt edged up by 1.7 per cent during the first six months of the ongoing fiscal to USD 483.2 billion at the September-end, the government said
today. 

Finance Ministry in a release said the rise in external debt during the period was due to long-term external debt particularly commercial borrowings and NRI deposits.

However, on a sequential basis, total external debt at September-end declined by USD 291 million from the June end. "At end-September 2015, India's external debt stock stood
at USD 483.2 billion, recording an increase of USD 8.0 billion over the level at end-March 2015," the ministry said.

 The external debt consist of long-term debt of USD 397.1billion (up 1.9 per cent from March) and short-term debt USD 86.1 billion (increase of 0.7 per cent). Share of commercial borrowings was highest at 37.7 per cent of total external debt, followed by NRI deposits at 25.2 per cent and multilateral debt at 11 per cent. 

"At end-September 2015, long-term external debt accounted for 82.2 per cent of India's total external debt, while the remaining (17.8 per cent) was short-term external debt," the statement said. Sovereign external debt stood at USD 88.9 billion in September 2015 while non-government debt amounted to USD 394.3 billion, it added. 

The statement noted that the share of dollar denominated debt continued to be the highest in external debt stock at 57.7 per cent at end-September 2015, followed by the rupee (28.3 per cent), SDR (5.8 per cent), Japanese yen (4.0 percent), and euro (2.4 per cent).

 The ratio of short-term external debt to foreign exchange reserves was 24.6 per cent at end-September 2015 as against 25.0 per cent at end-March 2015. 

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK