India's External Debt: A Status Report 2016-17
- Sep 2017
- Department of Economic Affairs (DEA), Government of India
- India
This is the twenty-third issue of 'India's External Debt: A Status Report 2016-17'. India's external debt stock stood at US$ 471.9 billion at end-March 2017 as against US$ 485.0 billion at end-March 2016. While external debt has decreased over 2016-17 by 2.7 per cent, important debt indicators such as external Debt-GDP ratio, Debt Service ratio and foreign exchange reserves to total external debt improved. External debt of the country continues to be dominated by long term borrowings. India continues to be among the less vulnerable countries with its external debt indicators, comparing well with other indebted developing countries. Among BRICS economies, India is at fourth position after China, Brazil, and Russia in terms of the total debt stock and in third position in terms of the share of short term debt to total debt. The prudent external debt policy pursued by the Government has helped in maintaining external debt within manageable limits
