External debt Subject: Economy Section: External Sector Context: Private long-term external debt outstanding of countries identified by the World Bank as belonging to the low and middle income category more than doubled from $1.04 trillion in 2012 to $2.18 trillion in 2020. Details: Overall, the share of governments in foreign currency bond issues […]

    External debt Why in the news? India’s external debt rose to $620.7 billion at end-March 2022, recording an increase of $47.1 billion over the year earlier period, Reserve Bank of India (RBI) data showed. Details: The external debt to GDP ratio declined to 19.9% at end-March 2022, from 21.2% a year earlier. Excluding […]

    External debt Subject: Economy Section: External Sector Context: India’s external debt continues to be sustainable and prudently manageable Key Developments: India’s external debt increased by $11.5 billion sequentially in October-December 2021 and it rose by $46.6 billion on a year-on-year basis. The percentage of the external debt to the Gross Domestic Product (GDP) declined slightly […]

Subject: Economy Context: India’s total external debt increased by 2.8 per cent to USD 558.5 billion at the end of March mainly on account of a rise in commercial borrowings, according to a report released by the Finance Ministry. Findings: External debt as a ratio to GDP rose marginally to 20.6%, from 19.8 %, ‘India’s […]