(a) the details of the external debt of the country as on date;
(b) the position of India among the indebted countries of the world;
(c) the per capita burden of foreign debt on the country at present;
(d) the amount India has to pay as interest against the total debt every year;
(e) the total amount of principal and interest paid to foreign creditors
during each of the last three years, country-wise and institution-wise; and
(f) the steps taken to reduce the debt burden of the country?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE
(SHRI P. CHIDAMBARAM)
(a ) to (f): A statement is placed on the Table of the House.
Lok Sabha Starred Question No.# 254 Position No.13 for answer on December 08, 2006
Statement referred to in reply to Lok Sabha Starred Question No.#254 by Shrimati
Sangeeta Kumari Singh Deo and Shri Thawarchand Gehlot regarding “Foreign Debt†for
answer on December 08, 2006.
(a) According to the latest available information, India’s total foreign debt
amounted to US$ 132.13 billion at end-June 2006 (comprising long-term debt of
US$ 122.93 billion and short-term debt of US$ 9.20 billion). Of this, Government
external debt amounted to US$ 46.15 billion.
(b) According to the World Bank’s Global Development Finance, 2006, India’s
position among the indebted countries of the world was eighth in 2004.
(c) The per capita burden of total foreign debt on the country at end-March 2006
was US$ 113 (Rs.5,041) and per capita government debt was US$ 41 (Rs.1,829).
(d) Interest amounts paid against the total external debt for the last three years
are given below in Table I :
Table I: Interest payments on India’s external debt (US $ million) Year 2005-06 2004-05 2003-04
Government 706 641 726 Other than Government 4,378 2,397 3,675 Total Interest payments 5,084 3,038 4,401
Table II: Government External Debt service Payments (US $ million) 2005-06 2004-05 2003-04 Princ- Inte- Total Princ- Inte- Total Princ- Inte- Total ipal rest ipal rest ipal rest
A Multilateral (1 to 4) 790 402 1,192 737 307 1,044 3,563 389 3,952 1 ADB 25 62 87 15 38 53 1,257 73 1,330 2 IBRD 133 153 286 111 68 179 1,751 141 1,892 3 IDA 619 184 803 598 198 796 542 172 714 4 Others 13 3 16 13 3 16 13 3 16
B.Bilateral (5 to 10) 1,348 304 1,652 1,301 334 1,635 2,498 337 2,835 5 Germany 100 19 119 121 22 143 119 24 143 6 France 45 14 59 51 16 67 50 17 67 7 Japan 486 222 708 501 251 752 502 241 743 8 Russian 615 27 642 470 17 487 431 11 442 Federation 9 USA 101 22 123 117 26 143 126 29 155 10 Others 1 0 1 41 2 43 1,270 15 1,285
C.Grand 2,138 706 2,844 2,038 641 2,679 6,061 726 6,787 Total (A+B)