(a) whether India’s external debt has grown alarmingly within the span of a
few years;
(b) if so, the details of the debt grown along with rate of interests
applicable thereon during each of the last three years and the current year
upto June, 2013;
(c) the details of short term and long-term debt payable during each year
of the said period; and
(d) the amount of debt due to be paid back by March, 2014 and the details
of the Government’s plan to meet this liability?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a): India’s external debt increased from US$ 305.9 billion at end March 2011
to US$ 345.5 billion at end March 2012 and further to US$ 390.0 billion at
end March 2013.
(b) & (c): The details of India’s external debt during the last three years
are given below:
(US$ billion) Year 2010-11PR 2011-12PR 2012-13QE Long-Term Debt 240.9 267.3 293.4 Short-Term Debt 65.0 78.2 96.7 Total External Debt 305.9 345.5 390.0PR: Partially Revised, QE: Quick Estimates.
(US$ billion) Year 2010-11PR 2011-12PR 2012-13QE Principal 13.4 23.0 20.4 Interest 6.1 8.5 10.9 Total Debt Service 19.5 31.5 31.3(d): Short term debt by residual maturity has been estimated at US$ 172.3 billion (Reserve Bank of India press release dated June 27, 2013) at end March, 2013. As most part of this will be either rolled over or renewed, there will be no major implication on foreign exchange outflow.