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    <title>‘INDIA’S EXTERNAL DEBT : A STATUS REPORT’ RELEASED</title>
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    <description>India&#039;s external debt stock was US$155.0 billion at end March 2007, driven mainly by commercial borrowings, NRI deposits, short term and multilateral debt, with valuation effects contributing. Sovereign debt comprised about one third of the stock. Debt service ratio improved while debt to GDP and short term debt ratios rose slightly. Foreign exchange reserves covered total external debt by a substantial margin. The Status Report provides analysis, time series since 1990 and international comparisons and is available from the Ministry of Finance.</description>
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