Business Standard

End-Sept external debt up $13.7 bn over March

Rise in external debt due to increase in commercial borrowings, deposits mobilised from NRIs

Reuters New Delhi

India's total external debt stood at $455.9 billion at the end of September, up $13.7 billion or 3.1% from the end of March, the finance ministry said in a statement on Wednesday.

The rise in external debt during the period was mainly due to an increase in commercial borrowings and deposits mobilised from non-resident Indians, the ministry said in a statement.

The share of India's short-term debt in the total external debt was at $86.4 billion or 18.9% as of end-September, the statement added.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 31 2014 | 2:51 PM IST

Explore News