India’s External Debt Increased By 10.6$ Billion

India’s External Debt Increased By 10.6$ Billion

Thursday, Reserve Bank of India said, India’s external debt stood at $485.6 billion at the end of March 2016, recording an increase of $10.6 billion year-on-year, primarily on account of a rise in outstanding non-residential Indian (NRI) deposits

India's external debt at end-March 2016 witnessed an increase of 2.2 per cent over its level at end-March 2015, primarily on account of a rise in outstanding NRI deposits,"

The debt at the end of the last financial year was up $5.4 billion from the $480.2 billion registered at end-December 2015.

The share of residual maturity short-term debt at end-March 2016 constituted about 42.6 per cent of the country's total external debt, compared with 38.2 percent at end-March 2015, and stood at 57.4 per cent of the total forex reserves

"US dollar denominated debt continued to be the largest component of India's external debt with a share of 57.1 per cent at end-March 2016, followed by Indian rupee (28.9 per cent), SDR (5.8 per cent), Japanese Yen (4.4 per cent) and Euro (2.5 per cent),"

Reality views by sm -

Thursday, June 30, 2016

Tags – India External Debit Increase