External debt of India rises by 8.2% to over $620 bn till Mar 2022

September 7, 2022

India’s external debt of $620bn is sustainable

External debt of India rises by 8.2% to over $620 bn till Mar 2022: The external debt of India has been increased by 8.2% from USD 573 billion (March 2021) to over USD 620 billion (March 2022).

September 2022 Current Affairs Quiz

Report title: 28th edition, Status Report on India’s External Debt 2021-22

Released by: Department of Economic Affairs

The External debt as a ratio to GDP fell marginally to 19.9% (2022) from 21.2% (2021). The Commercial borrowings, NRIs deposits, short-term trade credit and multilateral loans together accounted for 90% of the total external debt.