(a) the details of burden of foreign debt on India during the last five years and the present year;
(b) whether India’s burden of foreign debt has registered maximum increase after 2014; and
(c) if so, the details thereof
(a) the details of burden of foreign debt on India during the last five years and the present year;
(b) whether India’s burden of foreign debt has registered maximum increase after 2014; and
(c) if so, the details thereof
THE MINISTER OF STATE FOR FINANCE
(SHRI ANURAG SINGH THAKUR)
(a) the details of India’s External Debt during last five years and the present year is as under
Year External Debt (US$ billion) Ratio of External Debt to GDP
(in percentage) Debt Service Ratio
(in percentage) Ratio of Foreign Exchange Reserve to Total Debt
(in percentage)
2015 474.7 23.8 7.6 72.0
2016 484.8 23.4 8.8 74.3
2017 471.0 19.9 8.3 78.5
2018 * 529.3 20.1 7.5 80.2
2019 * 543.3 19.8 6.4 76.0
End-June 2019 # 557.4 19.8 5.8 77.1
* Partially revised, # Provisional
(b) & (c) At end-June 2019 India’s external debt was US$ 557.4 billion as compared to US$ 446.2 at end-March 2014. The ratio of external debt to GDP at end-June 2019 was 19.8 per cent as against 23.9 per cent at end-March 2014.
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