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TMI BlogSteps to Reduce External Debt December 02, 2011 India’s external debt stock stood at US$ 316.9 billion at end-June 2011.X X X X Extracts X X X X X X X X Extracts X X X X ..... Steps to Reduce External Debt December 02, 2011 India’s external debt stock stood at US$ 316.9 billion at end-June 2011. X X X X Extracts X X X X X X X X Extracts X X X X ..... Government of India Ministry of Finance 02-December-2011 18:10 IST The increase in external debt to US$ 316.9 billion at end-June 2011 from US$ 306.5 billion at end-March 2011 was largely on acco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unt of rise in commercial borrowings and short-term trade credits. Out of the total external debt of US$ 316.9 billion, long term external debt stood at US$ 248.4 billion while short term external deb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t accounted for US$ 68.5 billion. The prudent external debt management policy followed by the Government of India emphasizes monitoring of long and short term debt, raising sovereign loans on concess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ional terms with long maturities, regulating external commercial borrowings through end-use and all-in-cost restrictions and rationalizing interest rates on Non-Resident India (NRI) Deposits. As a res ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ult, the external debt on GDP ratio has declined from 21.1 per cent in 2001-02 and to 17.3 per cent in 2010-11 This information was given by the Minister of State for Finance, Shri Namo Narain Meena ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in written reply to an Unstarred Question in Lok Sabha today.
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