Diabytes
India external debt News
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Seeking to attract overseas investments, the Reserve Bank will soon come out with a draft paper on liberalising external commercial borrowings (ECB) norms, Economic Affairs Secretary Shaktikanta Das said here today.
India's total external debt rose by USD 29.5 billion, or 6.6 percent, to USD 475.8 billion at the end of March, mainly due to increase in external commercial borrowings and NRI deposits.
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India's total external debt rose by USD 29.5 billion, or 6.6 percent, to USD 475.8 billion during 2014-15 fiscal, mainly due to increase in external commercial borrowings and NRI deposits.
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India`s external debt stood at $475.8 billion as of end-March, up 6.6 percent from a year earlier, the Reserve Bank of India said in a release on Tuesday.
The total external debt increased to USD 440.6 billion during the last fiscal, from USD 409.4 billion in 2012-13.
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