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External debt up 6 per cent to $663 billion as of March 2024

By Economic Times - 5 months ago
In March 2024, India's external debt reached $663.8 billion, showing a $39.7 billion increase from the previous year. The valuation effect and a decline in short-term debt share contributed to this change, with debt service ratio rising to 6.7% of current receipts. Additionally, the ratio of international financial assets to liabilities increased to 74.0%.

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