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28th Edition of the Status Report on India’s External Debt

Published on September 06, 2022
Current Context: The 28th Edition of the Status Report on India’s External Debt was released by the External Debt Management Unit (EDMU), Department of Economic Affairs (DEA), Ministry of Finance.
28th Edition of the Status Report on India’s External Debt
  • 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
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