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India's external debt in Apr-Sept is USD 456 bn

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Press Trust of India New Delhi
India's external debt stood at USD 455.9 billion in the first six months of the this fiscal, up 3.1 per cent from March-end level, according to the Finance Ministry.

The external debt consist of long-term debt of USD 369.5 billion (up 4.7 per cent from March) and short-term debt USD 86.4 billion (down 3.2 per cent).

"The rise in external debt (of USD 13.7 billion or 3.1 per cent from March-end level) during the period was due to long-term external debt particularly commercial borrowings and NRI deposits," the Finance Ministry said in a release today.

Share of commercial borrowings was highest at 35.4 per cent of total external debt, followed by NRI deposits at 23.8 per cent and multilateral debt at 11.7 per cent.
 

Sovereign external debt stood at USD 88.4 billion in September, up from USD 81.5 billion in March 2014, it added.

"The share of US dollar denominated debt continued to be the highest in external debt stock at 60.1 per cent at end-September 2014, followed by the Indian rupee 24.2 per cent, Special Drawing Rights (SDR) 6.5 per cent, Japanese yen 4.5 per cent, and euro 3 per cent," said the release.

Government releases data on India's external debt for the quarters ending September and December every year.

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First Published: Dec 31 2014 | 6:11 PM IST

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