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    <title>India’s External Debt at End-December 2014 stood at US$ 461.9 Billion, Reflecting an increase of US$ 15.5 Billion (3.5 per cent) over the level at end-March 2014; External Debt to GDP ratio stood at 23.2 per cent at end-December 2014 vis-à-vis 23.7 per cent at end-March 2014</title>
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    <description>India&#039;s external debt at end-December 2014 stood at US$ 461.9 billion with a debt-to-GDP ratio of 23.2 per cent; the increase was driven by a rise in long-term debt-notably commercial borrowings and NRI deposits-while short-term external debt declined. Long-term debt accounted for the majority share, sovereign versus non-sovereign debt remained weighted toward non-government obligations, and currency composition was led by US dollar exposures followed by rupee, SDR, yen, and euro.</description>
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      <description>India&#039;s external debt at end-December 2014 stood at US$ 461.9 billion with a debt-to-GDP ratio of 23.2 per cent; the increase was driven by a rise in long-term debt-notably commercial borrowings and NRI deposits-while short-term external debt declined. Long-term debt accounted for the majority share, sovereign versus non-sovereign debt remained weighted toward non-government obligations, and currency composition was led by US dollar exposures followed by rupee, SDR, yen, and euro.</description>
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