India’s External Debt Stood at Us$334.9 Billion at End-December 2011.

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..... India’s External Debt Stood at Us$334.9 Billion at End-December 2011.
News and Press Release
Dated:- 8-5-2012

Press Information Bureau Government of India Ministry of Finance 08-May-2 .....

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..... 012 18:52 IST India's External Debt Stood at Us$334.9 Billion at End-December 2011 The current account deficit (CAD) is financed by capital account surplus and drawdown of foreign exchange reserves .....

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..... in case CAD exceeds capital account balance. Capital flows include both equity and debt. Equity comprises foreign direct investment and portfolio investment while debt flows include external commercia .....

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..... l borrowing, external assistance, banking capital and short-term trade credit etc. In recent times, CAD was financed by the capital account surplus except in 2011-12 ( upto December 2011), when higher .....

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..... CAD led by trade deficit and moderation in capital inflows, resulted in drawdown in foreign exchange reserves. India's total external debt stock at end-December 2011 was US$ 334.9 billion, reflectin .....

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..... g an increase of US$ 11.0 billion (3.4 per cent) over end-September 2011 level of US$ 323.9 billion. The rise in debt stock was mainly due to higher external commercial borrowings and short-term debt. .....

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..... This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today. * * * DSM/Hb
News - Press release - PIB .....

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