New Delhi: The External Debt Management Division of the Department of Economic Affairs, Ministry of Finance has released the 28th Situation Report on India’s External Debt 2021-22.
According to this, India’s external debt increased by 8.2 percent to USD 620.7 billion at the end of March 2022, from USD 573.7 billion at the end of March 2021.
The external debt-to-GDP ratio has declined significantly from 21.2 percent a year ago to 19.9 percent at the end of March 2022. The foreign exchange reserve ratio declined marginally to 97.8 per cent at the end of March 2022 from 100.6 per cent a year ago.
Long-term debt is estimated at USD 499.1 billion and short-term debt at USD 121.7 billion. About 90 per cent of the total external debt is trade loans, deposits of non-resident Indians, short-term trade loans and miscellaneous loans.