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India’s External DEBT at End-December 2012 Stood at US$ 376.3 Billion Reflecting an Increase of 8.9 Per Cent Over the Level of US$ 345.5 Billion at End-March 2012; External DEBT to GDP Ratio Stood at 20.6 Per Cent at End-December 2012 VIS-À-VIS 19.7 Per Cent at End-March 2012

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..... India’s External DEBT at End-December 2012 Stood at US$ 376.3 Billion Reflecting an Increase of 8.9 Per Cent Over the Level of US$ 345.5 Billion at End-March 2012; External DEBT to GDP Ratio Stood at 20.6 Per Cent at End-December 2012 VIS-À-VIS 19.7 Per Cent at End-March 2012 - News and Press Release Dated:- 28-3-2013 - News - Department of Economic Affairs, Ministry of Finance, Government of In .....

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..... dia has been compiling and releasing quarterly statistics on India s External Debt for the quarters ending September and December every year. Now it has released statistics relating to India s external debt at end-December 2012. At end-December 2012, India s total external debt stock stood at US$ 376.3 billion, reflecting an increase of US$ 30.8 billion (8.9 per cent) over the level of US$ 345.5 .....

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..... billion at end-March 2012. The rise in external debt during the period was due to both long-term as well as short-term components. Increase in long-term debt was mainly on account of NRI deposits and commercial borrowings, while short-term debt stood higher on account of trade related credits. The long-term debt stood at US$ 284.4 billion at end-December 2012, recording an increase of US$ 17.1 .....

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..... billion (6.4 per cent) over the end-March 2012 level, while short-term debt increased by US$ 13.7 billion (17.5 per cent) to US$ 91.9 billion. Short-term debt accounted for 24.4 per cent of India s total external debt, while the remaining (75.6 per cent) was long-term debt. Within long-term, components such as commercial borrowings accounted for 30.0 per cent of the total external debt, followed .....

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..... by NRI deposits (18.0 per cent) and multilateral debt (13.7 per cent). Government (Sovereign) external debt stood at US$ 81.7 billion, (21.7 per cent of total external debt) at end-December 2012 as against US$ 81.9 billion (23.7 per cent) at end-March 2012. The share of US dollar denominated debt was the highest in external debt stock and stood at 56.8 per cent at end-December 2012, followed .....

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..... by debt denominated in terms of the Indian rupee (23.1 per cent), SDR (7.9 per cent), Japanese yen (7.6 per cent) and euro (3.2 per cent). India s external debt to GDP ratio stood at 20.6 per cent at end-December 2012 vis- -vis 19.7 per cent at end-March 2012. The complete quarterly report of India s external debt at end-December 2012 is available on the website of Ministry of Finance i.e. ww .....

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..... w.finmin.nic.in DS (Release ID :94331) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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