NEW DELHI: India's external debt reached $495.7 billion on the finish of September quarter, up five.1 according to cent over end-March 2017, essentially on account of building up in foreign investment in the debt section of capital market.
On a sequential foundation, total external debt at end-September 2017 larger by way of $10 billion (2.1 according to cent) from the end-June 2017 stage.
"The rise in external debt during the period was primarily due to the increase in foreign portfolio investment (FPI) in the debt segment of domestic capital market included under commercial borrowings," the finance ministry stated in a observation.
Some building up in temporary debt essentially because of trade similar credit score additionally contributed to the whole building up in total external debt.
The unencumber further stated the adulthood trend of India's external debt signifies dominance of long-term borrowings.
"At end-September 2017, long-term external debt accounted for 81.3 per cent of India's total external debt, while the remaining (18.7 per cent) was short-term external debt," it stated.
Further, the shares of Government (sovereign) and non-Government debt in the total external debt were 21.6 according to cent and 78.four according to cent respectively, with the previous's share increasing from 19.four according to cent at end-March 2017.
"This was mainly due to the increasing level of foreign portfolio investment in government securities," it stated.
The US dollar denominated debt accounted for 50 according to cent of India's total external debt at end-September 2017, followed by way of Indian rupee (35.7 according to cent), SDR (five.7 according to cent), Japanese Yen (four.four according to cent), Euro (3.2 according to cent), Pound Sterling (zero.6 according to cent), and others (zero.four according to cent).
On a sequential foundation, total external debt at end-September 2017 larger by way of $10 billion (2.1 according to cent) from the end-June 2017 stage.
"The rise in external debt during the period was primarily due to the increase in foreign portfolio investment (FPI) in the debt segment of domestic capital market included under commercial borrowings," the finance ministry stated in a observation.
Some building up in temporary debt essentially because of trade similar credit score additionally contributed to the whole building up in total external debt.
The unencumber further stated the adulthood trend of India's external debt signifies dominance of long-term borrowings.
"At end-September 2017, long-term external debt accounted for 81.3 per cent of India's total external debt, while the remaining (18.7 per cent) was short-term external debt," it stated.
Further, the shares of Government (sovereign) and non-Government debt in the total external debt were 21.6 according to cent and 78.four according to cent respectively, with the previous's share increasing from 19.four according to cent at end-March 2017.
"This was mainly due to the increasing level of foreign portfolio investment in government securities," it stated.
The US dollar denominated debt accounted for 50 according to cent of India's total external debt at end-September 2017, followed by way of Indian rupee (35.7 according to cent), SDR (five.7 according to cent), Japanese Yen (four.four according to cent), Euro (3.2 according to cent), Pound Sterling (zero.6 according to cent), and others (zero.four according to cent).
India's external debt stands at $496 billion at September-end
![India's external debt stands at $496 billion at September-end]()
Reviewed by Kailash
on
December 31, 2017
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