India’s external debt touches USD 495.7 billion; heres more
On back of hike in foreign investment in the debt segment, India’s external debt reached USD 495.7 billion at the end of September quarter.
This is up 5.1 per cent over end-March 2017.
On a sequential basis, total external debt at end-September 2017 increased by USD 10 billion (2.1 per cent) from the end-June 2017 level.
Some increase in short-term debt primarily due to trade related credit also contributed to the overall increase in total external debt.
The release further said the maturity pattern of India’s external debt indicates dominance of long-term borrowings.
Further, the shares of Government (sovereign) and non- Government debt in the total external debt were 21.6 per cent and 78.4 per cent respectively, with the former’s share increasing from 19.4 per cent at end-March 2017.
The US dollar denominated debt accounted for 50 per cent of India’s total external debt at end-September 2017, followed by Indian rupee (35.7 per cent), SDR (5.7 per cent), Japanese Yen (4.4 per cent), Euro (3.2 per cent), Pound Sterling (0.6 per cent), and others (0.4 per cent). >