India’s External Debt: A Status Report, 2007-2008
September 6th, 2008Department of Economic Affairs, Ministry of Finance has been publishing ‘ India ’s External Debt: A Status Report’ on a regular basis since 1993. The current volume of the Report, the fourteenth in the series, brings out developments in India ’s external debt during 2007-08. It also provides time series data and an analytical presentation of India ’s external debt statistics since 1990. A cross-country comparison presents India ’s external debt position in an international perspective.
India ’s external debt stock at end-March 2008 amounted to US$ 221.2 billion (Rs. 884,516 crore), reflecting an increase of 30.4 per cent over the previous year. Valuation change due to weakening of the US dollar vis-