Commercial borrowings : Largest component of external commercial debt

a. NRI deposit

b. Short-term trade credit

c. Commercial borrowings

d. None

 

- Commercial borrowings is the largest component of external debt with a share of 38.4%, followed by NRI deposits (24.8%) and short-term trade credit (16.6%).
- The share of short-term debt in total debt witnessed a decline over the as FII investment in Government treasury bills was phased out.
- Across borrower categories, the outstanding debt of Government marginally declined whereas non-Government debt increased and their shares in total external debt were 18.5% and 81.5%, respectively, at end-June 2015.
- India's external debt at end-June 2015 witnessed an increase of 1.8%.
- External debt/GDP ratio stood at 24.0% at end-June 2015 up from 23.7% at end-March 2015.

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