India's external debts touch 365 billion dollars in Sep 2012
New Delhi, Mar 15 : The long and short term external debts in the country at the end of September 2012 was 365 billion dollars including 84.5 billion dollars of short term debts, Lok Sabha was informed today.
Answering a question, Minister of State for Finance Namo Narain Meena said the increase in the external debt of a little over 17 billion dollars in September over the figure of June 2012 was largely due to higher NRI deposits, short term debts and commercial borrowings.
The external debt management policy followed by the Government emphasised the monitoring of long and short term debt raising sovereign loans on concessional terms with long maturities, regulating external commercial borrowings through end-use and all-in-cost restrictions and rationalising interest rates on NRI deposits.
The external debt had remained at the manageable level of external debt-GDP ratio of 19.7 per cent and debt service ratio of 6.0 per cent in 2011-12, the Minister said.