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Press Information Bureau
Government of India
Ministry of Finance
06-September-2011 18:02 IST
In 2010-11 the Increase in GDP over the Previous Year is 20.2% while the Corresponding Increase in External Debt is 15.9%
Details of India’s external debt and its annual growth rate, Gross Domestic Product (GDP) at market prices (at current prices) and its annual growth during the period 2008-09 to 2010-11 is given below:
Year | External Debt (Rs. Crore) | Increase in External Debt over previous year (per cent) | GDP at market price (Rs. Crore) | Increase in GDP over previous year (per cent) |
2008-09 | 1142125 | 27.3 | 5582623 | 12.0 |
2009-10 | 1179096 | 3.2 | 6550271 | 17.3 |
2010-11 | 1366117 | 15.9 | 7875627 | 20.2 |
This information was given by the Minister of State for Finance Shri Namo Narain Meena in a written reply to a question raised in Rajya Sabha today.
DSM/SS/SL
External debt growth versus GDP growth: in 2010-11 GDP growth exceeded external debt growth, per official disclosure. Official figures for 2008-09 to 2010-11 report year on year percentage changes in India's external debt and GDP at market prices; in 2010-11 the annual increase in GDP outpaced the annual increase in external debt. The release provides nominal aggregates and comparative growth rates and was issued as a written reply to a parliamentary question. of Press 'Enter' after typing page number.
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