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India’s External Debt Data at End December 2015 released today

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..... India’s External Debt Data at End December 2015 released today - News and Press Release Dated:- 31-3-2016 - News - Department of Economic Affairs, Ministry of Finance has been compiling and releasing quarterly statistics on India s external debt for the quarters ending September and December every year. At end-December 2015, India s external debt stock stood at US$ 480.2 billion, recording an .....

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..... increase of US$ 4.9 billion (1.0 per cent) over the level at end-March 2015. The rise in external debt during the period was due to long-term external debt particularly commercial borrowings and NRI deposits. However, on a sequential basis, total external debt at end-December 2015 declined by US$ 1.2 billion from the end-September 2015 level. Long-term debt at end-December 2015 was US$ 398.6 b .....

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..... illion, showing an increase of US$ 8.8 billion (2.3 per cent) over the level at end-March 2015. Short-term external debt witnessed a decline of 4.6 per cent and stood at US$ 81.6 billion at end-December 2015. At end-December 2015, long-term external debt accounted for 83.0 per cent of India s total external debt, while the remaining (17 per cent) was short-term debt. Component-wise, the share o .....

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..... f commercial borrowings stood highest at 38.2 per cent of total external debt, followed by NRI deposits (25.5 per cent) and multilateral debt (11.1 per cent). Government (sovereign) external debt stood at US$ 90.7 billion at end-December 2015 while non-Government debt amounted to US$ 389.5 billion. The share of Government (Sovereign) and non-Government debt in the total external debt was 18.9 p .....

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..... er cent and 81.1 per cent respectively, at end-December 2015. The share of US dollar denominated debt continued to be the highest in external debt stock at 57.6 per cent at end-December 2015, followed by the Indian rupee (28.7 per cent), SDR (5.8 per cent), Japanese yen (4.1 per cent), and euro (2.3 per cent). The ratio of concessional debt to total external debt was 8.7 per cent at end-Dece .....

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..... mber 2015 (8.8 per cent at end-March 2015). India s foreign exchange reserves provided a cover of 73.0 per cent to the total external debt stock at end-December 2015 vis- -vis 67.5 per cent at end-March 2015. The ratio of short term external debt to foreign exchange reserves was 23.3 per cent at end-December 2015 as against 26.7 per cent at end-March 2015. The complete quarterly report of .....

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..... India s external debt at end-December 2015 is available on the website of Ministry of Finance www.finmin.nic.in . - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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