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    <title>India’s External Debt Stood at US$ 297.5 Billion at End-December 2010</title>
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    <description>India&#039;s external debt stock increased by US$ 36.3 billion to US$ 297.5 billion at end-December 2010, driven by a US$ 26.0 billion rise in long-term debt and a US$ 10.3 billion rise in short-term debt; valuation effects from currency movements contributed US$ 5.3 billion. Short-term debt was 21.0% of total; commercial borrowings, NRI deposits and multilateral debt were principal components. The debt-to-GDP ratio was 16.9%, the debt service ratio 3.9%, and short-term debt equalled 21.1% of foreign exchange reserves.</description>
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    <pubDate>Thu, 31 Mar 2011 18:29:50 +0530</pubDate>
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