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TMI BlogIndia’s External Debt Stood at US$ 297.5 Billion at End-December 2010X X X X Extracts X X X X X X X X Extracts X X X X ..... India’s External Debt Stood at US$ 297.5 Billion at End-December 2010 - News and Press Release Dated:- 31-3-2011 - News - Press Information Bureau Government of India Ministry of Finance 31-March-2011 16:50 IST India s External Debt Stood at US$ 297.5 Billion at End-December 2010 Department of Economic Affairs, Ministry of Finance has been compiling and releasing quarter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly statistics on India s External Debt for the quarters ending September and December every year. At end-December 2010, India s external debt stock stood at US$ 297.5 billion reflecting an increase of US$ 36.3 billion (13.9 per cent) over the level of US$ 261.2 billion at end-March 2010. The long-term debt increased by US$ 26.0 billion to US$ 234.9 billion i.e. an increase of 12.5 per cent. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... short-term debt showed an increase of US$ 10.3 billion to US$ 62.6 billions i.e. an increase of 19.7 per cent. Of the total increase of US$ 36.3 billion in India s external debt at end-December, the valuation effect arising from depreciation of the US dollar against major international currencies accounted for US$ 5.3 billion (14.6 per cent). Excluding the valuation effect, the increase in externa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l debt would have been US$ 31.0 billion. Short-term debt (original maturity) accounted for 21.0 per cent of India s total external debt while the remaining 79.0 per cent was long-term debt. Component-wise, the share of commercial borrowings stood highest at 28.5 per cent, followed by NRI deposits (17.0 per cent) and multilateral debt (16.0 per cent). Government (Sovereign) external debt stood ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at US$ 74.5 billion, (25.0 per cent of total external debt) at end-December 2010 as against US$ 67.1 billion (25.7 per cent) at end-March 2010. The share of US dollar denominated debt was the highest in external debt stock at 53.7 per cent at end-December 2010, followed by the Indian rupee (19.0 per cent), Japanese Yen (12.0 per cent), SDR (9.7 per cent) and Euro (3.5 per cent). India s extern ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al debt to GDP ratio and debt service ratios stood at 16.9 per cent and 3.9 per cent respectively, at end-December 2010. The ratio of short-term external debt to foreign exchange reserves was 21.1 per cent at end-December 2010 as compared to 18.8 per cent at end-March 2010. The complete quarterly report of India s external debt at end-December 2010 is available on the website of Ministry of Fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nance www.finmin.nic.in. DSM/BY/GN - 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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