- India’s external debt grew by 8.2% year-on-year to reach USD 620.7 billion at the end of FY22.
- Out of the total external debt, 53.2% was denominated in US dollar terms while 31.2% was Indian rupee-denominated debt.
- The external debt to GDP ratio was 19.9% while the forex reserves to external debt ratio stood at 97.8%.
- Over 80% (USD 499.1 billion) of the external debt accounted for the long-term debt while the short-term debt remained below 20% (USD 121.7 billion).
- The NRI deposits declined by 2% to USD 139 billion and Commercial Borrowings grew by 5.7% to USD 209.71 billion.
Question:
Q.1 India's external debt for FY22 is?a. USD 420.7 billion
b. USD 520.7 billion
c. USD 620.7 billion
d. USD 720.7 billion
