India's external debt rose by USD 31 billion to reach USD 646.79 billion in 2023, according to the World Bank's International Debt Report. Interest payments also increased significantly from USD 15.08 billion in 2022 to USD 22.54 billion in 2023. Long-term debt stocks grew by 7% to USD 498 billion, while short-term debt declined slightly to USD 126.32 billion.
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