RESERVE BANK OF INDIA Date : Jun 30, 2021 India’s External Debt as at the end of March 2021 The stock of external debt at end-March 2021 as well as revised data for earlier quarters are set out in Statements I (old format) and II (IMF format)1. The major developments relating to India’s external debt as at end-March 2021 are […]
External Debt
At end-June 2020, India’s external debt was placed at US$ 554.5 billion, recording a decrease of US$ 3.9 billion over its level at end-March 2020.The external debt to GDP ratio increased to 21.8 per cent at end-June 2020 from 20.6 per cent at end-March 2020. Commercial borrowings remained the largest component of external debt, with a share of 38.1 per cent, followed by non-resident deposits (23.9 per cent) and short-term trade credit.
List of agreements signed between Pakistan and China during President Xi’s visit to Pakistan in 2015. Both countries signed agreements worth $28 billion to immediately kick-start early harvest projects, while projects worth $17 billion, which are in the pipeline, will follow as soon as the required studies, processes and formalities are completed.
At end-March 2020, India’s external debt was placed at US$ 558.5 billion, recording an increase of US$ 15.4 billion over its level at end-March 2019.
In order to rationalise the extant framework for ECB and Rupee Denominated Bonds (RDBs), the Reserve Bank, in consultation with the Government of India, decided to merge Tracks I and II as “Foreign currency denominated ECB” and Track III and RDBs framework as “Rupee Denominated ECB”.
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