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    <title>India’s External Debt as at the end of March 2011</title>
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    <description>India&#039;s external debt rose notably to end March 2011, driven mainly by increases in commercial borrowings, short term trade credits and bilateral and multilateral loans; valuation effects from currency movements added to the US dollar reported rise. The composition featured a dominant US dollar share, higher short term residual maturity that raised the short term debt to reserves ratio, and an increased share of non government debt, while debt to GDP and debt service ratios improved.</description>
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