India still is on a strong footing when it comes to external sector metrices despite a drawdown of over $100 billion of the country’s forex reserves in less than a year. “Gross external debt stood at 18.6 per cent of GDP in 2Q22, which is low compared with the median of 72 per cent for … Read more
India’s external debt rose 8 percent in FY’22 to $620.7 billion as short-term debt rose 20 per cent during the year. But debt to GDP ratio declined marginally to 19.9 percent, according to the latest data released by the Reserve Bank of India. While long term debt rose 5.6 per cent to $499 billion, short-term … Read more
The Centre dismissed apprehensions about India‘s external debt, saying out of India’s total external liability of $620.7 billion, the Centre’s share is just $130.8 billion, 21% of the total debt liability. This also includes India’s Special Drawing Right (SDR) allocation. “The rumour doing the rounds that the central government is burdened with debt is baseless,” … Read more