TMI BlogHighlights of the Quarterly Report on India’s External Debt for the Quarter ended December 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... Highlights of the Quarterly Report on India’s External Debt for the Quarter ended December 2017 - News and Press Release Dated:- 28-3-2018 - News - 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 September and December every year. Position of the India s external debt a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t end-December 2017 is as follows: i. At end-December 2017, India s External Debt Stock stood at US$ 513.4 billion, recording an increase of US$ 41.6 billion (8.8 per cent) over the level at end-March 2017.The rise in external debt during the period was primarily due to the increase in commercial borrowings, NRI deposits and short term debt. On a sequential basis, total external debt at end- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... December 2017 increased by US$ 17.6 billion (3.6 per cent) from the end-September 2017 level. ii. The maturity pattern of India s External Debt indicates dominance of long-term borrowings. At end-December 2017, long-term external debt accounted for 81.0 per cent of India s total external debt, while the remaining (19.0 per cent) was short-term external debt. iii. Long-term deb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t at end-December 2017 was at US$ 415.8 billion, showing an increase of US$ 32.1 billion (8.4 per cent) over the level at end-March 2017. Short-term external debt registered an increase of 10.8 per cent and stood at US$ 97.6 billion at end-December 2017, and its share in total debt at 19.0 per cent was higher than the 18.7 per cent at end-March 2017. iv. Valuation loss (depreciation of US do ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llar against the SDR, Euro and pound sterling) was estimated at US$ 5.1 billion in December 2017, as compared to March 2017. This implies that excluding the valuation effect, increase in debt would have been lower at US$ 36.5 billion instead of US$ 41.6 billion at end-December 2017 over the end-March 2017 level. v. The shares of Government (Sovereign) and non-Government debt in the total ext ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ernal debt were 21.2 per cent and 78.8 per cent respectively, at end-December 2017 with the former s share increasing from 19.4 per cent at end-March 2017. vi. US dollar denominated debt accounted for 48.2 per cent of India s total external debt at end-December 2017, followed by Indian rupee (37.3 per cent), SDR (5.7 per cent), Japanese Yen (4.6 per cent), Euro (3.2 per cent) and others (1.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... per cent). vii. The foreign exchange cover to total external debt improved to 79.7 per cent at end-December 2017 as compared to 78.4 per cent at end-March 2017. viii. The ratio of short-term external debt by original maturity to foreign exchange reserves stood at 23.8 per cent at end-December 2017 as compared to 23.2 per cent at end September 2017 and 23.8 per cent at end-March 2017. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ix. On a residual maturity basis, short-term debt constituted 42.4 per cent of total external debt at end-December 2017 (41.7 per cent at end-September 2017 and 41.5 per cent at end-March 2017) and its ratio to total foreign exchange reserves was at 53.2 per cent (51.7 per cent at end-September 2017 and 52.9 per cent at end-March 2017). x. The ratio of concessional debt to total extern ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al debt was 8.6 per cent at end-December 2017, compared to the 9.3 per cent at end-March 2017. The complete Quarterly Report of India s External Debt at end-December 2017 is available on the website of the Ministry of Finance www.finmin.nic.in. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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