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543 bn USD India’s External Debt at March-end

July 01, 2019

543 bn USD India’s External Debt at March-end

The Reserve Bank of India (RBI) said that on the back of an increase in short-term debt, NRI deposits, and commercial borrowings, India’s external debt has increased by 2.6% to 543 billion USD by March-end 2019.

The central bank said that as of end-March, the country’s external debt rose to 543 billion USD by observing a hike of 13.7 billion USD against end-March 2018. It also said that the largest component of the debt was commercial borrowings at 38%. It’s followed by NRI deposits that make for 24% of the total debt.

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