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TMI BlogIndia’s External Debt: A Status Report 2012-13X X X X Extracts X X X X X X X X Extracts X X X X ..... India’s External Debt: A Status Report 2012-13 - News and Press Release Dated:- 6-9-2013 - News - The Department of Economic Affairs, Ministry of Finance is bringing out the nineteenth issue of the annual publication titled India s External Debt: A Status Report 2012-13 . The Report presents a detailed analysis of India s external debt position at end-March 2013, based on the data released by t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Reserve Bank of India on June 27, 2013. Apart from analysing trend, composition and debt service of India s external debt, the Report provides a comparative picture of India s external debt vis-a-vis other developing countries. The salient features of the Report are summarized as under: The level of India s external debt is on a rising trend with the elevated level of current account defici ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t and hence overall external financing requirements. With rising debt flows, deceleration in GDP growth and depreciating rupee, key external debt indicators witnessed some deterioration as at end-March 2013 as compared to end-March 2012. However, debt service ratio, measured by the proportion of total debt service payments to current receipts (minus official transfers) of balance of payments, at e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd-March 2013 showed some improvement over end-March 2012, coming down from 6.0 to 5.9 and India s external debt has remained within manageable limits as indicated by external debt-GDP ratio of 21.2 per cent during 2012-13. India s external debt position in recent years is given below: Table: India s Key External Debt Indicators (Per cent) At end March External ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Debt (US$ billion) External Debt to GDP Debt Service Ratio Foreign Exchange Reserves to Total Debt Concessional Debt to Total Debt Short-Term to Foreign Exchange Reserves Short- Term to Total Debt 1 2 3 4 5 6 7 8 2010-11 305.9 17.5 4.4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 99.7 15.5 21.3 21.2 2011-12PR 345.5 19.7 6.0 85.2 13.9 26.6 22.6 2012-13QE 390.0 21.2 5.9 74.9 11.7 33.1 24.8 PR: Partially Revised; QE: Quick Estimates. At end-March 2013, India s external debt stock stood at US$ 390.0 billion, increasing by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12.9 per cent over the end-March 2012 level of US$ 345.5 billion. The rise is mainly due to increase in short-term debt, commercial borrowings and non-resident Indian deposits. The long-term external debt at US$ 293.4 billion at end-March 2013 reflected an increase of 9.8 per cent, while the short-term debt at US$ 96.7 billion increased by 23.7 per cent over the level of end-March 2012. The lon ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g-term debt accounted for 75.2 per cent of total external debt at end-March 2013 indicating the dominance of long-term borrowings in total external debt. The share of commercial borrowings in total external debt stock stood at 31.0 per cent at end-March 2013, followed by short-term debt (24.8 per cent), NRI deposits (18.2 per cent) and multilateral debt (13.2 per cent). Government (sovereign) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... external debt stood at US$ 81.7 billion at end-March 2013 vis-a-vis US$ 81.9 billion at end-March 2012. The share of Government external debt in total external debt was lower at 20.9 per cent at end-March 2013 as compared to 23.7 per cent at end-March 2012. A cross country comparison shows that India continues to be among the less vulnerable countries with its external debt indicators comparing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... well with other indebted developing countries. The International Debt Statistics 2013 of the World Bank, which contains external debt numbers for 2011, shows that India s position was fourth, in terms of absolute debt stock amongst the top twenty developing debtor countries. However, in terms of ratio of external debt to Gross National Income, India s position was the third lowest. The complete ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... India s External Debt: A Status Report 2012-13 is available at 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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