India's external debt rises by $6.8 billion in Q3 FY21
India's external debt rises by $6.8 billion in Q3 FY21
BusinessToday.In
- Apr 3, 2021,
- Updated Apr 3, 2021 10:53 AM IST
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Multilateral debt amounted to $67.9 billion at the end of Dec 2020 registering a growth of 13% from Dec 2019.
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India's bilateral debt increased by 4% in Dec 2020 as compared to Sept 2020.
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Debt from IMF touched $5.7 billion in Dec 2020 from $5.5 billion in Dec 2019, growing at a rate of 4.2% YoY.
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Trade credit decreased by 7% in Dec 2020 as compared to Sept 2020.
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Commercial borrowings too increased by $1 billion to $207.7 billion.
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Outstanding NRI deposits increased to $140.5 billion in December 2020 from $137.3 billion in September 2020.
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Short-term trade credit remained nearly unchanged at $99.6 billion from its September 2020 level.
Shivani Sharma, Pragati Srivastava