look news india
By the end of December 2024, India’s foreign debt has increased by 10.7 percent to $ 717.9 billion. In December 2023, the figure was $ 648.7 billion. This information has been revealed in the recent quarter report of the Finance Ministry.
Quarterly increase also continues
India’s foreign debt was $ 712.7 billion in September 2024, which increased by 0.7 percent to $ 717.9 billion by December. This increase shows that India’s external financial needs are gradually increasing.
Debt in proportion to GDP
The report stated that in December 2024, the ratio of India’s foreign debt was 19.1 percent compared to the GDP, which was 19 percent in September. This slight bounce reflects India’s economic activities and global financial conditions.
How much loan from which country?
The largest share of foreign debt – 54.8 percent – is in American dollars. This is followed by Indian rupee (30.6 percent), Japanese yen (6.1 percent), special withdrawal rights or SDR (4.7 percent) and euro (3 percent) number.
How much debt on which area?
In December 2024, there was a decrease in foreign debt of the central government, while the debt of non-government sectors increased. according to the report:
- Non-financial companies Part of: 36.5%
- Other government institutions except central government: 27.8%
- Central government: 22.1%
- Other financial companies: 8.7%
Categories of debt
Lone’s (33.6%) is the highest share in foreign debt, followed:
- Currency and deposit: 23.1%
- Business Loan & Advance: 18.8%
- Loan securities: 16.8%
Load of payment
The total payment of principal and interest at the end of December 2024 was equal to 6.6 percent of the current receipts, which was 6.7 percent in September. This indicates that the payment load is slightly reduced.
