<h1>India's External Debt Hits $461.9 Billion by December 2014, Long-Term Debt Rises While Short-Term Debt Falls.</h1> India's external debt at the end of December 2014 was $461.9 billion, an increase of $15.5 billion (3.5%) from the end of March 2014. The external debt to GDP ratio decreased slightly to 23.2% from 23.7%. The rise was primarily due to an increase in long-term debt, including commercial borrowings and NRI deposits, while short-term debt declined by 6.7%. Long-term debt comprised 81.5% of the total, and short-term debt made up 18.5%. The debt was predominantly in US dollars (58.7%), followed by Indian rupees, SDR, Japanese yen, and euros. Government debt accounted for 19.5% of the total.