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External Debt

External debt rises to $711.8 billion as of Sep, 4.3% up from June: FinMin

India's external debt rose to USD 711.8 billion as of September this year, up 4.3 per cent over June 2024, as per the data released by the Finance Ministry. At the end of September 2023, the external debt stood at USD 637.1 billion. In September 2024, India's external debt was placed at USD 711.8 billion, recording an increase of USD 29.6 billion over its level at June-end 2024, India's Quarterly External Debt Report said. The external debt to GDP ratio stood at 19.4 per cent in September 2024 against 18.8 per cent as of June 2024, it added. "The US dollar-denominated debt remained the largest component of India's external debt with a share of 53.4 per cent at end-September 2024, followed by Indian Rupee (31.2 per cent), Japanese Yen (6.6 per cent), SDR (5.0 per cent) and Euro (3.0 per cent)," it said. The outstanding external debt of the general government as well as the non-government sector increased at September-end 2024 over the June 2024 level, it noted. Loans were the larg

External debt rises to $711.8 billion as of Sep, 4.3% up from June: FinMin
Updated On : 30 Dec 2024 | 9:21 PM IST

Reliance Infra cuts standalone external debt by 88% to Rs 475 crore

The company recently announced its plan of raising long-term capital

Reliance Infra cuts standalone external debt by 88% to Rs 475 crore
Updated On : 18 Sep 2024 | 3:22 PM IST

IMF warns Maldives faces high risk of external and overall debt distress

IMF report advised Maldives to enhance financial sector oversight & crisis management, improve the business climate, strengthen governance, and enhance skill development

IMF warns Maldives faces high risk of external and overall debt distress
Updated On : 08 Feb 2024 | 12:42 PM IST

Developing countries spent record $443.5 bn to service public debts in 2022

In its latest International Debt Report, the bank said the debt-service payments - including principal and interest - rose 5% to a record $443.5 billion from a year earlier

Developing countries spent record $443.5 bn to service public debts in 2022
Updated On : 13 Dec 2023 | 10:03 PM IST

Pak needs to pay $77.5 bn in debt; risk of default 'real': US think tank

Pakistan needs to repay a whopping USD 77.5 billion in external debt from April 2023 to June 2026 and the cash-strapped country may face "disruptive effects if it ultimately defaults, a prominent US think tank has warned. The analysis published on Thursday by the United States Institute of Peace (USIP) warned that amid skyrocketing inflation, political conflicts, and rising terrorism, Pakistan is facing the risk of a default due to its massive external debt obligations, the Geo News reported on Friday. Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves. The USIP report called the USD 77.5 billion that Pakistan needs to repay in external debt from April 2023 to June 2026 a hefty amount for a USD 350 billion economy. It stated that if Pakistan ultimately defaults, there will be a cascade of disruptive effects. In the next three years, the debt-struck country has to make major ...

Pak needs to pay $77.5 bn in debt; risk of default 'real': US think tank
Updated On : 07 Apr 2023 | 8:25 PM IST

Russia's external debt hits 15-yr low to $380.5 bn in 2022, says cenbank

Russia's external debt fell to $380.5 billion in 2022, its lowest level in 15 years, the central bank said

Russia's external debt hits 15-yr low to $380.5 bn in 2022, says cenbank
Updated On : 30 Mar 2023 | 1:18 PM IST

India's external debt at $610 billion in Q2 FY23; declines by $2.3 billion

India's external debt stood at USD 610.5 billion in the second quarter of 2022-23, down by USD 2.3 billion from end-June 2022, the finance ministry said on Thursday. The external debt to GDP ratio stood at 19.2 per cent as at end-September 2022 as compared to 19.3 per cent at end-June. "At end-September 2022, India's external debt was placed at USD 610.5 billion, recording a decrease of USD 2.3 billion over its level at end-June 2022," it said. Valuation gains due to the appreciation of the US dollar vis--vis major currencies such as the euro, yen and Indian rupee was placed at USD 10.6 billion. "Excluding the valuation effect, the increase in external debt would have been USD 8.3 billion instead of a decrease of USD 2.3 billion at end-September 2022 over end- June 2022," it noted. At end-September 2022, long-term debt (with original maturity of above one year) was placed at USD 478.7 billion, recording a fall of USD 8 billion over its level at end-June 2022, it said. On the othe

India's external debt at $610 billion in Q2 FY23; declines by $2.3 billion
Updated On : 29 Dec 2022 | 11:34 PM IST

IMF asks Pakistan to meet demands within 3 weeks to revive loan programme

International Monetary Fund has shared list of prerequisite actions with Pakistani authorities for moves towards implementing them in the next three weeks if they are keen to revive the loan programme

IMF asks Pakistan to meet demands within 3 weeks to revive loan programme
Updated On : 25 Dec 2022 | 7:43 AM IST

Developing world may need to find $2.5 trn over 5 yrs to meet debt costs

A greater proportion of poorer-country debt is now owed to commercial lenders, which offer shorter maturities, and capital markets have largely closed to many governments

Developing world may need to find $2.5 trn over 5 yrs to meet debt costs
Updated On : 07 Dec 2022 | 11:37 PM IST

India's external debt rises 8.2% to $620.7 bn till Mar 2022: FinMin report

While 53.2% of the debt was denominated in the US dollar, Indian rupee-denominated debt, estimated at 31.2%t, was the second largest, as per the status report released by FinMin

India's external debt rises 8.2% to $620.7 bn till Mar 2022: FinMin report
Updated On : 05 Sep 2022 | 8:27 PM IST

Govt's total liabilities rise 3.7% to Rs 133.22 trn in March quarter

The report released by the finance ministry on Thursday said public debt accounted for 92.28% of the total outstanding liabilities at the end of March

Govt's total liabilities rise 3.7% to Rs 133.22 trn in March quarter
Updated On : 30 Jun 2022 | 7:02 PM IST

Inflation to debt: The economic mess Imran Khan leaves Pakistan in

Pakistanis got poorer under Khan's watch, with the future holding little promise

Inflation to debt: The economic mess Imran Khan leaves Pakistan in
Updated On : 14 Apr 2022 | 12:59 PM IST

Sri Lanka says will default on all external debt to pay for food

All outstanding payments to bond holders, bilateral creditors and institutional lenders will be suspended until a debt restructure, Lanka's finance ministry said

Sri Lanka says will default on all external debt to pay for food
Updated On : 12 Apr 2022 | 10:30 PM IST

Sri Lanka suspends external debt payments, says needs money for essentials

Street protests against shortages of fuel, power, food and medicine have gone on for more than a month

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Updated On : 12 Apr 2022 | 6:06 PM IST

India's external debt rose to $614.9 bn at end of December 2021

The external debt to GDP ratio fell marginally to 20 per cent at the end of December last year from 20.3 per cent at the end of September 2021

India's external debt rose to $614.9 bn at end of December 2021
Updated On : 31 Mar 2022 | 4:53 PM IST

Pakistan govt's external debt rises by 20% in H1 FY22, hits Rs 21 trn

Pakistan government's external debt rose by a massive 20 per cent in the first half of the current fiscal (2021-22), to reach a high of Rs 21 trillion in December 2021.According to the State Bank of Pakistan (SBP) data, the government's total debt stocks rose by 8 per cent in the first half of the current fiscal (2021-22) which increased the total domestic and external debt to an all-time high of Rs 51.724 trillion in December 2021, up from Rs 47.931 trillion in June 2021, reported Business Recorder.Continued borrowing from domestic and external resources for financing the fiscal deficit is increasing the country's debt burden, the report further said citing economists.The external debt included Rs 14.814 trillion of government external debt, Rs 4.223 trillion non-government debt, and loans of Rs 1.188 trillion from the International Monetary Fund (IMF).Earlier this month, IMF released a fresh tranche of loans to the tune of USD 1 billion to Pakistan, subject to fulfilling certain ...

Pakistan govt's external debt rises by 20% in H1 FY22, hits Rs 21 trn
Updated On : 26 Feb 2022 | 10:04 AM IST

Covid-induced lockdowns hit private sector's overseas borrowing

Total external debt of the country rose by 2.1 per cent to $570 billion as of March-end 2021, against $558.4 billion a year ago

Covid-induced lockdowns hit private sector's overseas borrowing
Updated On : 30 Sep 2021 | 6:08 AM IST

Pak's external debt likely to increase due to dependence on foreign loans

Pakistan's external debt is likely to increase in the near future as it is under compulsion to borrow more and more every year

Pak's external debt likely to increase due to dependence on foreign loans
Updated On : 30 Jun 2021 | 9:20 AM IST

India's external debt rises 2.6% to $543 billion at March-end

Valuation gain because of the appreciation of the dollar vis-a-vis rupee and other major currencies was at $16.7 billion

India's external debt rises 2.6% to $543 billion at March-end
Updated On : 29 Jun 2019 | 2:30 AM IST

India's external debt increases 2.63% to $543 bn at March-end: RBI

Increase in external debt partially offset by valuation gain resulting from the appreciation of the US dollar against Indian rupee.

India's external debt increases 2.63% to $543 bn at March-end: RBI
Updated On : 28 Jun 2019 | 10:08 PM IST