External Debt of India
https://tradingeconomics.com/india/external-debt
External Debt in India increased to 593100 USD Million in the third quarter of 2021 from 571300 USD Million in the second quarter of 2021. source: Ministry of Finance, Government of India
This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - External Debt. This page provides values for External Debt reported in several countries. The table has current values for External Debt, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts.
This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - External Debt. This page provides values for External Debt reported in several countries. The table has current values for External Debt, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts.
The debt levels have witnessed a massive surge owing to the Centre's increased borrowings to deal with the Covid-19 pandemic.
Total debt comprises both external as well as internal debts and also accounts for other liabilities.
India's external and internal debt both witnessed a surge during the past couple of years on account of increase in gap between expenditures and receipts, MoS Chaudhury wrote in his reply.
External debt position
At end-March 2021, India’s external debt was placed at $570 billion, recording an increase of $11.5 billion over its level at end-March 2020, according to the Reserve Bank of India's (RBI) data.
India's external debt position over the yearsExternal debt majorly comprises of debt from multilateral institutions
(Figures in $ billion)
The external debt to GDP ratio rose to 21.1 per cent as on March 2021 against 20.6 per cent a year ago.
External debt is the money that a country borrows from a source external to it and has to be repaid in the currency in which it was borrowed.
Mainly such money is borrowed from institutions like foreign commercial banks and international financial institutions such as the International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB) and also from the governments of foreign nations.
Commercial borrowings comprised the largest component of external debt, with a share of 37.4 per cent, followed by non-resident deposits at 24.9 per cent and short-term trade credit at 17.1 per cent.
A major portion of India's external debt came from multilateral institutions.
| 16-17 | 2017-18 | 2018-19 | 2019-20* | 2020-21* |
|---|---|---|---|---|
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