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Finance Ministry releases India s External Debt Statistics end-December 2016

News and Press Release - Dated:- 1-4-2017 - Department of Economic Affairs(DEA), Ministry of Finance, Government of India has been compiling and releasing Quarterly Statistics on India s External Debt for the quarters ending September and December every year. India s External Debt position at end-December 2016 is as follows. (i) India s external debt stock fell by US$ 29.0 billion (6.0 per cent) to US$ 456.1 billion, at end-December 2016 over the level at end-March 2016. The decline in external .....

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At end-December 2016, long-term external debt accounted for 81.6 per cent of India s total external debt, while the remaining 18.4 per cent was short-term debt. (iii) While long-term debt at US$ 372.2 billion, declined by US$ 29.4 billion (7.3 per cent) at end-December 2016 over the level at end-March 2016, short-term debt increased marginallyby 0.5 per cent to US$ 83.8 billion. (iv) The valuation gain (appreciation of the US dollar against the Indian rupee and most other major currencies) was U .....

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R (5.9 per cent), Japanese yen (4.4 per cent), Euro (2.7 per cent), Pound Sterling (0.7 per cent) and Others (0.5 per cent). (vii) Many key external debt indicators of India show improvement at end-December 2016 over end-March 2016. Besides, total external debt falling by 6.0 per cent during this period, the foreign exchange cover for external debt increased to 78.7 per cent from 74.3 per cent and the ratio of concessional debt to total external debt increased to 9.2 per cent from 9.0 per cent. .....

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