India’s External Debt as at the end of March 2015.

As per the standard practice, with a lag of one quarter, India’s external debt statistics for the quarters ending March and June are released by the Reserve Bank of India and those for the quarters ending September and December by the Ministry of Finance, Government of India. 

Highlights India’s external debt at end-March 2015 showed an increase of US$ 29.5 billion (6.6 per cent) over end-March 2014, due to the rise in commercial borrowings and NRI deposits. Further, the increase in the magnitude of external debt was partly offset by the valuation gains resulting from the appreciation of the US dollar vis-a-vis Indian rupee and other major currencies. The external debt to GDP ratio stood at 23.8 per cent at end-March 2015, recording a marginal increase over its level of 23.6 per cent at end-March 2014. 

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