India’s External Debt at End-December 2011.

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....ndia’s External Debt at End-December 2011. <br>News and Press Release<br>Dated:- 30-3-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 30-March-2012 16:19 IST India's External Debt at End-December 2011 Department of Economic Affairs, Ministry of Finance has been compiling and releasing quarterly statistics on India's External Debt for the quarters ending Septembe....

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....r and December every year. At end-December 2011, India's total external debt stock was US$ 334.9 billion, reflecting an increase of US$ 28.8 billion (9.4 per cent) over end-March 2011 estimates of US$ 306.1 billion. The rise in external debt is largely due to higher commercial borrowings and short-term trade credit. The long-term debt stood at US$ 256.9 billion at end-December 2011, recording an....

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.... increase of US$ 15.8 billion (6.5 per cent) over the end-March 2011 level, while short-term debt increased by US$ 13.1 billion (20.1 per cent) to US$ 78.1 billion. Short-term debt accounted for 23.3 per cent of India's total external debt, while the remaining (76.7 per cent) was long-term debt. Component-wise, the share of commercial borrowings stood highest at 29.9 per cent, followed by NRI dep....

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....osits (15.7 per cent) and multilateral debt (14.9 per cent). Government (Sovereign) external debt stood at US$ 81.2 billion, (24.3 per cent of total external debt) at end-December 2011 as against US$ 78.1 billion (25.5 per cent) at end-March 2011. The share of US dollar denominated debt was the highest in external debt stock at 56.9 per cent at end-December 2011, followed by the Indian rupee (18....

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.....6 per cent), Japanese Yen (10.4 per cent), SDR (8.9 per cent) and Euro (3.8 per cent). India's external debt to GDP ratio stood at 20.0 per cent at end-December 2011 vis-&agrave;-vis 17.8 per cent at end-March 2011. The ratio of short-term external debt to foreign exchange reserves was 26.3 per cent at end-December 2011 as compared to 21.3 per cent at end-March 2011. India's foreign exchange r....

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....eserves provided a cover of 88.6 per cent to the total external debt stock at end-December 2011 vis-&agrave;-vis 99.6 per cent at end-March 2011. The complete quarterly report of India's external debt at end-December 2011 is available on the website of Ministry of Finance - www.finmin.nic.in. SS/GN<BR> News - Press release - PIB....