India external debt rises 8.2% YoY to USD 563.9 bn as on Dec 31

India external debt rises 8.2% YoY to USD 563.9 bn as on Dec 31

India's external debt rose to $563.9 bln as on Dec 31, registering a year-on-year increase of 8.2%, data released this week by the Ministry of Finance showed. In the Oct-Dec quarter, the rise in external debt was $6.5 bln.

AgenciesUpdated: Friday, April 03, 2020, 02:26 PM IST
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Of the total debt of $563.9 bln, 81.1%--or $457.1 bln--was long-term debt with original maturity of more than one year, up from 80.1% as at the end of December 2018. Consequently, short-term external debt declined over the same period.

As much as 42.3% of the total external debt as on Dec 31 is due in 2020. This is marginally lower than the 43.0% of the total external debt which was due as on Sep 30 in the subsequent 12 months. As a fraction of India's foreign exchange reserves, the short-term external debt on a residual maturity basis was 51.8% as on Dec 31, down from 55.2% as on Sep 30.

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