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External Debt of India
July 6 , 2020
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- According to the RBI, India’s external debt stood at $558.5 billion in March 2020.
- It is an increase of $15.4 billion or 2.8% as compared to the March 2019.
- The largest component of the external debt is Commercial borrowings with a share of 39.4%.
- It is followed by non-resident deposits at 23.4% and short-term trade credit at 18.2%.
- In terms of currency, the United States (US) dollar-denominated debt continued to be the largest component with a share of 53.7%.
- It is followed by the Indian rupee (31.9%), yen (5.6%), SDR (4.5%) and the euro (3.5%).
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