{"id":24458,"date":"2020-07-06T07:04:42","date_gmt":"2020-07-06T07:04:42","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=24458"},"modified":"2020-07-06T07:04:43","modified_gmt":"2020-07-06T07:04:43","slug":"indias-external-debt-as-at-the-end-of-march-2020","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/indias-external-debt-as-at-the-end-of-march-2020\/","title":{"rendered":"India\u2019s External Debt as at the end of March 2020"},"content":{"rendered":"\n

According to RBI data, India\u2019s external debt stood at USD 558.5 billion in March, an increase of USD 15.4 billion compared to the year-ago period. The Commercial borrowings remained the largest component of the external debt, with a share of 39.4 per cent, followed by non-resident deposits at 23.4 per cent and short-term trade credit at 18.2 per cent.<\/p>\n\n\n\n

Daily Current Affairs Quiz 2020<\/strong><\/a><\/p>\n\n\n\n

Key-Points<\/strong><\/h2>\n\n\n\n

At end-March 2020, India\u2019s external debt was placed at US$ 558.5 billion, recording an increase of US$ 15.4 billion over its level at end-March 2019.<\/p>\n\n\n\n

Commercial borrowings remained the largest component of external debt, with a share of 39.4 %, followed by non-resident deposits (23.4 %) and short-term trade credit (18.2 %).<\/p>\n\n\n\n

At end-March 2020, long-term debt (with original maturity of above one year) was placed at US$ 451.7 billion, recording an increase of US$ 17.0 billion over its level at end-March 2019.<\/p>\n\n\n\n

The share of short-term debt (with original maturity of up to one year) in total external debt declined to 19.1 % at end-March 2020 from 20.0 % at end-March 2019.<\/p>\n\n\n\n

US dollar denominated debt continued to be the largest component of India\u2019s external debt, with a share of 53.7 % at end-March 2020, followed by the Indian rupee (31.9 %), yen (5.6 %), SDR (4.5 %) and the euro (3.5 %).<\/p>\n\n\n\n

The borrower-wise classification shows that the outstanding debt of general government decreased, while that of non-government sector increased at end-March 2020.<\/p>\n\n\n\n

The share of outstanding debt of nonfinancial corporations in total external debt was the highest at 42.0 %, followed by deposit-taking corporations (except the central bank) (28.3 %), general government (18.1 %) and other financial corporations (7.5 %).<\/p>\n\n\n\n

The instrument-wise classification shows that the loans were the largest component of external debt, with a share of 34.8 %, followed by currency and deposits (24.0 %), trade credit and advances (18.7 %) and debt securities (17.4 %).<\/p>\n\n\n\n

Debt service (principal repayments plus interest payments) increased marginally to 6.5 % of current receipts at end-March 2020 as compared with 6.4 % at end-March 2019, reflecting higher interest payments on commercial borrowings and lower current receipts.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to RBI data, India\u2019s external debt stood at USD 558.5 billion in March, an increase of USD 15.4 billion compared to the year-ago period. The Commercial borrowings remained the largest component of the external debt, with a share of 39.4 per cent, followed by non-resident deposits at 23.4 per cent and short-term trade credit […]<\/p>\n","protected":false},"author":404,"featured_media":24459,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1175],"tags":[64],"offerexpiration":[],"class_list":["post-24458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-july-2020","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/24458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=24458"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/24458\/revisions"}],"predecessor-version":[{"id":24460,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/24458\/revisions\/24460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/24459"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=24458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=24458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=24458"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=24458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}