MUMBAI \u2013 India\u2019s external debt stood at $762.8 billion at end-March 2026, an increase of $26.3 billion over its level at end-March 2025, according to data released by the Reserve Bank of India (RBI) on June 29.\u00a0<\/p>\n
The external debt to GDP ratio increased to 20.8 per cent at end-March 2026 from 19.8 per cent at end-March 2025.<\/p>\n
Outstanding debt of the government decreased, while non-government debt increased at end-March 2026 over the level a year ago, according to an RBI statement.<\/p>\n
Debt service, comprising principal repayments and interest payments, declined to 5.8 per cent of current receipts at end-March 2026 from 6.6 per cent at end-March 2025.<\/p>\n
Valuation effect due to the appreciation of the US dollar vis-a-vis the Indian rupee and other major currencies amounted to $24.6 billion. Excluding the valuation effect, external debt would have increased by $51.0 billion instead of $ 26.3 billion at end-March 2026 over end-March 2025, the statement said.<\/p>\n
At end-March 2026, long-term debt (with original maturity of above one year) was placed at $613.5 billion, recording an increase of $11.6 billion over its level at end-March 2025.<\/p>\n
The share of short-term debt (with original maturity of up to one year) in total external debt increased to 19.6 per cent at end-March 2026 from 18.3 per cent at end-March 2025. Similarly, the ratio of short-term debt (original maturity) to foreign exchange reserves increased to 21.6 per cent at end-March 2026 (20.1 per cent at end-March 2025).<\/p>\n
Short-term debt on residual maturity basis (i.e., debt obligations that include long-term debt by original maturity falling due over the next twelve months and short-term debt by original maturity) constituted 42.9 per cent of total external debt at end-March 2026 (41.2 per cent at end-March 2025) and stood at 47.3 per cent of foreign exchange reserves (45.4 per cent at end-March 2025)<\/p>\n
US dollar-denominated debt remained the largest component of India\u2019s external debt, with a share of 55.5 per cent at end-March 2026, followed by debt denominated in the Indian rupee (29.4 per cent), yen (6.4 per cent), SDR (4.3 per cent), and euro (3.7 per cent).<\/p>\n
The share of outstanding debt of non-financial corporations in total external debt was the highest at 36.4 per cent, followed by deposit-taking corporations (except the central bank) (26.5 per cent), general government (22.0 per cent) and other financial corporations (10.2 per cent).<\/p>\n
Loans remained the largest component of external debt, with a share of 34.7 per cent, followed by currency and deposits (22.3 per cent), trade credit and advances (19.0 per cent) and debt securities (16.1 per cent), the statement added. (IANS)<\/p>\n","protected":false},"excerpt":{"rendered":"MUMBAI \u2013 India\u2019s external debt stood at $762.8 billion at end-March 2026, an increase of $26.3 billion over…\n","protected":false},"author":2,"featured_media":736466,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-736465","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/736465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=736465"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/736465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/736466"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=736465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=736465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=736465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}