India's external debt reached $762.8 billion by March 2026, a rise of $26.3 billion year-on-year, pushing the debt-to-GDP ratio to 20.8%. The US dollar's strength significantly impacted this figure. While long-term debt saw a modest increase, short-term debt's share grew, raising concerns about its proportion to foreign exchange reserves. Despite these shifts, debt servicing as a percentage of current receipts declined.
India's external debt reached $762.8 billion by March 2026, marking a $26.3 billion increase year-on-year. This pushed the nation's debt-to-GDP ratio to 20.8%. Factors contributing to this rise include the US dollar's strength and a notable growth in short-term debt, which is…
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