India's external debt rises $58.4 bn to $529.7 bn
India's external debt stood at USD 529.7 billion at the end of March 2018, recording an increase of USD 58.4 billion year-on-year, primarily on account of a rise in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits, the RBI said today.
The external debt to GDP ratio stood at 20.5 per cent at end-March 2018, higher than its level of 20.0 per cent at end-March 2017. Image source: Reuters