India’s external debt stood at USD 480 billion in December 2015

Q.  India’s external debt stood at _______ billion towards the end of December 2015, according to FinMin
- Published on 01 Apr 16

a. USD 480 billion
b. USD 289.5 billion
c. USD 122.6 billion
d. None of the above

ANSWER: USD 480 billion
 
Finance Ministry has calculated that India’s total external debt has risen to USD 480 billion towards the close of December as compared to March in 2015. Total external debt stock at December end recorded a rise of USD 4.9 billion over level at end March. Government external debt stood at USD 90.7 billion in December 2015 while non government debt equaled USD 389.5 billion.
  • Effective external debt policy has helped in controlling rising external debt and maintaining comfortable external debt position.
  • Long as well as short term debt will be focused on by the policy
  • It will also study raising sovereign loans on concessional terms with longer maturities, regulating ECBs, and rationalising interest rates on Non-Resident Indian deposits.

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    Discussion

  • mithalesh sen    -Posted on 01 Apr 16
    wow fantastic

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