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    <title>India&#039;s Investment and External Commercial Borrowings (ECB) Landscape</title>
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    <description>External Commercial Borrowings (ECBs) are a key corporate funding source: outstanding ECBs and registrations show sustained private sector reliance, significant non Rupee/non FDI components, concentrated hedging by private firms, and declining ECB interest costs; recent misreporting arose from inclusion of foreign portfolio investors&#039; long term debt investments, which should not be classed as corporate ECB liabilities.</description>
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