India's external debt position at FinGad.com

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Categorie: Emerging Markets
Submitted 3 months ago by

Raghni4949 , Student

According to media reports, India’s external debt position as on March 2008 was at $221.2 billion, up 30.4 per cent over end-March 2007. The external debt was $169.7 billion as on March 2007. It is worth mentioning in this regard that while all components of external debt showed an increase during the year, External Commercial Borrowings , including Foreign Currency Convertible Bonds, recorded the maximum increase. In terms of statisric, they grew to $62 billion, from $42 billion last year and the share in the total external debt was 28 per cent. Talking about short term debt, second biggest component in external debt with a share of 20 per cent, grew from $26 billion to $44 billion. Among other components of external debt, multilateral debt increased to $39.3 billion, bilateral increased to $19.6 billion and NRI deposits increased to $43.6 billion. More...

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#1 | Liz @ 3 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: the increase in external debt was also reflected by the depreciation of the US dollar as against Indian rupee to the tune of $9.9 billion.
#2 | Pawanbhatia @ 3 months ago User Rank : 4 Portfoilo Balance: $50,050.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: any solutions in mind for the future,how do u forsee forex reserves in 2009-10 financial year
#3 | Liz @ 3 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Thinking of the general elections in 2009, the government would try hard to improve inflation management. As the role of RBI is limited in the present circumstances, the Rupee would appreciate and I expect the rupee to appreciate to a level of Rs. 35. What do you think?

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