The Economic Survey 2013-14, presented today in the Lok Sabha by the Union Finance Minister Shri Arun Jaitley, has noted that the maturity profile of India’s external debt indicates dominance of long-term borrowings. The long-term external debt accounted for 78.2 per cent of total external debt at end-December 2013 vis-à-vis 76.1 per cent at end-March 2013. The long-term debt at end - December 2013 increased by US $ 25.1 billion (8.1 per cent) over the level at end-March 2013 while short-term debt declined by US $ 4.0 billion (4.1 per cent), reflecting a fall in the levels of imports.

Maturity profile of external debt shows concentration in long-term borrowings, shifting debt composition and reducing short-term exposure. The maturity profile of external debt is dominated by long term borrowings, which comprised 78.2 per cent of total external debt at end December 2013; long term external debt rose by US$25.1 billion (8.1 per cent) while short term debt fell by US$4.0 billion (4.1 per cent), a decline linked to lower import levels.