India’s External Debt at End-December 2013 Stood At US$ 426.0 Billion, Recording An Increase of US$ 21.1 Billion ( 5.2 per cent) Over the Level at End-March 2013

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....ndia’s External Debt at End-December 2013 Stood At US$ 426.0 Billion, Recording An Increase of US$ 21.1 Billion ( 5.2 per cent) Over the Level at End-March 2013 <br>News and Press Release<br>Dated:- 28-3-2014<br><BR>Department of Economic Affairs, Ministry of Finance, Government of India has been compiling and releasing quarterly statistics on India's External Debt for the quarters ending Septem....

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....ber and December every year. Now statistics relating to India's External Debt at end-December 2013 have been released. At end-December 2013, India's total external debt stock stood at US$ 426.0 billion, recording an increase of US$ 21.1 billion i.e. an increase of 5.2 per cent over the level at end-March 2013. India's external debt to GDP ratio stood at 23.3 per cent at end-December 2013 vis-&agr....

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....ave;-vis 21.8 per cent at end-March 2013. The rise in external debt during the period was due to long-term debt particularly NRI deposits. A sharp increase in NRI deposits reflected the impact of fresh FCNR(B) deposits mobilised under the swap scheme during September-November 2013. The long-term debt stood at US$ 333.3 billion at end-December 2013, showing an increase of 8.1 per cent over the en....

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....d-March 2013 level, while short-term debt decreased by 4.1 per cent to US$ 92.7 billion. Short-term debt accounted for 21.8 per cent of India's total external debt, while the remaining (78.2 per cent) was long-term debt. Component-wise, commercial borrowings accounted for 31.5 per cent of the total external debt, followed by NRI deposits (23.2 per cent) and multilateral debt (12.3 per cent). Gov....

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....ernment (Sovereign) external debt stood at US$ 76.4 billion, (17.9 per cent of total external debt) at end-December 2013 as against US$ 81.7 billion (20.2 per cent) at end-March 2013. The share of US dollar denominated debt was the highest in external debt stock and stood at 63.6 per cent at end-December 2013, followed by debt denominated in Indian rupee (19.4 per cent), SDR (7.1 per cent), Japan....

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....ese yen (5.0 per cent) and Euro (3.1 per cent). The complete quarterly report of India's external debt at end-December 2013 is available on the website of Ministry of Finance - www.finmin.nic.in.<BR> News - Press release - PIB....