India's External Debt Stood At $484 Billion At September-End: Finance Ministry
New Delhi: India's external debt decreased by $0.8 billion from the end-March 2016 level to $484 billion at end-September 2016, the government said.
"India's external debt at end-September 2016 stood at $484.3 billion, recording a decline of $0.8 billion (0.2 per cent) over level at end-March 2016." the Ministry of Finance said in a series of tweets.
"However, on a sequential basis, total external debt at end-September 2016 increased by $4,768 million from the end-June 2016 level," it added.
The Ministry said that at end-September 2016, long-term external debt accounted for 83.2 per cent of India's total external debt, while 16.8 Â per cent was short-term external debt.
Maturity pattern of India's external debt indicates dominance of long-term borrowings.
While short-term external debt witnessed a decline of 2.6 per cent and stood at $81.2 billion at end-September 2016, long-term debt at end-September 2016 was placed at $403.1 billion, showing an increase of $1.4 billion (0.4 Â per cent) over level at end-March 2016.
Shares of government (sovereign) & non-government debt in total external debt were 20.1 per cent and 79.9 per cent respectively, at end-September 2016, the Ministry of Finance said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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