India's external debt stands at US$ 461.9 Billion at end December 2014

External Debt to GDP ratio stood at 23.2% at end December 2014 compared with 23.7% at end-March 2014

India's total external debt stock stood at US$ 461.9 billion at end-December 2014, showing an increase of US$ 15.5 billion (3.5%) over the level at end-March 2014. India's external debt to GDP ratio stood at 23.2% at end-December 2014 vis-vis 23.7% at end-March 2014.

The rise in external debt during the period was due to an increase in long-term debt such as commercial borrowings and NRI deposits. Short-term external debt, however witnessed a decline during the period.

Department of Economic Affairs, Ministry of Finance, Government of India has been compiling and releasing quarterly statistics on India's External Debt for the quarters ending September and December every year. This press release relates to India's external debt at end-December 2014.

Long-term debt at end-December 2014 was US$ 376.4 billion, reflecting an increase of 6.1% over the level at end-March 2014. Long-term debt accounted for 81.5% of total external debt at end-December 2014 vis-vis 79.5% at end-March 2014.

Short-term external debt was US$ 85.6 billion at end-December 2014, showing a decline of 6.7% over the level at end-March 2014. Short-term debt accounted for 18.5% of total external debt at end-December 2014 as against 20.5% at end-March 2014.

The shares of Government (Sovereign) and non-Government debt in the total external debt were 19.5% and 80.5% respectively, at end-December 2014.

The share of US Dollar denominated debt was the highest in the external debt stock and stood at 58.7% at end-December 2014, followed by debt denominated in Indian rupee (26.4%), SDR (6.3%), Japanese yen (4.1%) and euro (2.9%).

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