India's external debt rises to United States dollars 485.8 billion at June-end

Cornelia Mascio
Ottobre 1, 2017

India's external debt increased 3 per cent to Dollars 485.8 billion at June-end over the previous quarter, mainly due to increase in inflow of foreign portfolio investment into domestic capital markets debt segment.

Commercial borrowings continued to be the largest component of external debt with a share of 37.8%, followed by NRI deposits (24.3%) and short-term trade credit (17.9%). At end-June 2017, long-term debt was placed at $ 397.0 billion, recording an increase of $ 13.1 billion over its level at end-March 2017.

Indias external debt statistics for the quarters ending March and June are released by the Reserve Bank of India with a lag of one quarter and those for the quarters ending September and December by the Ministry of Finance.

Meanwhile, the external debt to gross domestic product stood at 20.3 percent at the end of June, up slightly from 20.2 percent at the end of March, the RBI added.

On a residual maturity basis, short-term debt constituted 41.1 percent of total external debt at the end of June, down from 41.5 percent at the end of March.

United States dollar denominated debt continued to be the largest component of India's external debt with a share of 50.3% as at end-June 2017, followed by the Indian rupee (35.4%), SDR (5.8%), Japanese yen (4.5%) and Euro (3%).

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