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India's external debt stood at $ 529.7 billion at the end of March 2018, an increase of $ 58.4 billion mainly due to higher commercial borrowing The rise in the size of the external debt is due in part to the impairment loss resulting from the depreciation of the US dollar against major currencies, the central bank said in a report. press release
. The ratio of external debt to GDP rose to 20.5% at the end of March 2018, more than its level of 20.0% at the end of March 2017.
According to RBI data, the share Commercial borrowing continues to be the largest part of external debt with a share of 38.2%, followed by NRI deposits (23.8%) and short-term commercial credit (19.0%). )
Debt service payments decreased to 7.5% of current revenues at the end of March 2018 compared to 8.3% at the end of March 2017.
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