back to top
IndiaIndia's external debt at $629.1 bn at June-end

India’s external debt at $629.1 bn at June-end

Date:

Agencies

's external debt rose marginally to $629.1 billion at June-end 2023, although the debt-GDP ratio declined, according to a Reserve Bank data released on Thursday.

The debt rose by about $4.7 billion from $624.3 billion at March-end.

“The external debt to GDP ratio declined to 18.6 per cent at end-June 2023 from 18.8 per cent at end-March 2023,” RBI said.

Valuation effect due to the appreciation of the US dollar vis-à-vis the major currencies such as yen and SDR amounted to $3.1 billion.

US dollar-denominated debt remained the largest component of India's external debt, with a share of 54.4 per cent at end-June 2023, followed by debt denominated in the Indian rupee (30.4 per cent), SDR (5.9 per cent), yen (5.7 per cent), and the euro (3.0 per cent).

Excluding the valuation effect, external debt would have increased by $7.8 billion instead of $4.7 billion at end-June 2023 over end-March 2023, the central bank said.

According to the data, at end-June 2023, long-term debt (with original maturity of above one year) was placed at $505.5 billion, recording an increase of $9.6 billion over its level at end of the preceding quarter.

The share of short-term debt (with original maturity of up to one year) in total external debt declined to 19.6 per cent at end-June 2023 from 20.6 per cent at end-March 2023.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

Share post:

Popular

More like this
Related

EC Egregiously Wrong In Directing Congress Not To ‘Politicise’ Agnipath Scheme: Chidambaram

NEW DELHI, May 23: Senior Congress leader P Chidambaram...

Modi in Patiala today, agitating farmers threaten to block all entry points to city

Shambhu (Patiala): Ahead of Prime Minister Narendra Modi’s visit...

Don’t campaign on communal lines, politicize armed forces: EC ticks off BJP, Cong

New Delhi, May 22 (PTI) The Election Commission Wednesday...

INDI Alliance doesn’t have any PM face : Amit Shah

PURULIA, May 22: Union Home Minister Amit Shah on...