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raghni4949's review
Investment Sector: Emerging Markets Submitted by Raghni4949 
, Student
2 months ago Add Tag |
India's external debt position
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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.
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