India's External Debt Rises To $557.4 Billion End-June 2019

[Umar Nazir]

India got 66 billion and Pakistan got 44. Pakistan is still 7 times smaller, a fact that PDF Pakistanis never let us forget. You forgot, how convenient?



Please provide a source contrary to that fact. I know you won't bother. So live in your delusion.

but india always pretend to be a so called economic super power who never received any aid or dont have any debt.

 

[Protest_again]

but india always pretend to be a so called economic super power who never received any aid or dont have any debt.

Nobody said India didn't take aid previously. But as of today India is net aid donor. That's all matters.

https://www.google.com/amp/s/m.econ...m-taker-to-donor/amp_articleshow/65523690.cms

 

[Laozi]

According to indians on PDF, Pakistan has the largest debt on earth...............This has actually been stated on many occasions on this forum......

This impression could be because of the number of times that Pakistan has opted for IMF programs.

 

[PAKISTANFOREVER]

This impression could be because of the number of times that Pakistan has opted for IMF programs.

What difference does it make? The Greeks and Argentinians have done it more times than the Pakistanis have yet their nations are far more developed, advanced and have a FAR greater standard of living than india does.

 

[PAKISTANFOREVER]

Yes we will be going to IMF tomorrow to beg

You can go to FATF instead and beg to get Pakistan blacklisted.........

 

[Nilgiri]

Yes we will be going to IMF tomorrow to beg

LOL....sometimes I can only laugh at your one-liners. So brutal.

India's External Debt Rises To $557.4 Billion End-June 2019

The country's external debt stood at USD 557.4 billion in the June quarter, an increase of USD 14.1 billion over the quarter ended March 2019, the Reserve Bank said.

Valuation losses due to the depreciation of the US dollar against the rupee and other major currencies were placed at USD 1.7 billion.

Excluding the valuation effect, the increase in external debt would have been USD 12.4 billion instead of USD 14.1 billion at end-June 2019 over end-March 2019.

Commercial borrowings remained the largest component of external debt, with a share of 38.4 per cent, followed by non-resident deposits (24 per cent) and short-term trade credit (18.7 per cent), the Reserve Bank of India (RBI) said in a release.

The long-term debt was at USD 447.7 billion at end- June 2019, recording an increase of USD 12.8 billion over its level at end-March 2019.

The share of short-term debt in total external debt declined to 19.7 per cent at end-June 2019 from 20 per cent at end-March 2019.

The ratio of short-term debt to foreign exchange reserves declined to 25.5 per cent at end-June 2019 as against 26.3 per cent at end-March 2019.

US dollar-denominated debt continued to be the largest component of the country's external debt, with a share of 51.5 per cent at end-June 2019, followed by the rupee (34.7 per cent), yen (5.1 per cent), SDR (4.7 per cent) and the euro (3.2 per cent).

The borrower-wise classification shows that the outstanding debt of both government and non-government sectors increased at end-June 2019.

Debt service declined to 5.8 per cent of current receipts at end-June 2019 as compared with 6.4 per cent at end-March 2019, reflecting lower repayments of commercial borrowings

http://www.businessworld.in/article...57-4-Billion-End-June-2019/01-10-2019-176938/

@Hindustani78 @Nilgiri

You should have a look at credit suisse 2019 wealth report next to get the underlying leveraging of it all....why its often apples and oranges to compare raw figures.

 

[hembo]

Stop this d**k measuring contest....

Per Capita debt:

India= 383 USD, Pakistan= 380 USD, China= 1382 USD

US= 58,200 USD, UK = 127,000 USD, Singapore= 231,000 USD, Luxembourg= 6,968,000 USD

I rest my case!!!

@Mods : Close this useless thread.

 

[Baby Leone]

The above can't be true...................according to indians on PDF, india has 0 debt. The above news must be fake.

ISI and Pakistan is behind it

 

[PAKISTANFOREVER]

ISI and Pakistan is behind it

 

[rajiv sharma]

India's External Debt Rises To $557.4 Billion End-June 2019

The country's external debt stood at USD 557.4 billion in the June quarter, an increase of USD 14.1 billion over the quarter ended March 2019, the Reserve Bank said.

Valuation losses due to the depreciation of the US dollar against the rupee and other major currencies were placed at USD 1.7 billion.

Excluding the valuation effect, the increase in external debt would have been USD 12.4 billion instead of USD 14.1 billion at end-June 2019 over end-March 2019.

Commercial borrowings remained the largest component of external debt, with a share of 38.4 per cent, followed by non-resident deposits (24 per cent) and short-term trade credit (18.7 per cent), the Reserve Bank of India (RBI) said in a release.

The long-term debt was at USD 447.7 billion at end- June 2019, recording an increase of USD 12.8 billion over its level at end-March 2019.

The share of short-term debt in total external debt declined to 19.7 per cent at end-June 2019 from 20 per cent at end-March 2019.

The ratio of short-term debt to foreign exchange reserves declined to 25.5 per cent at end-June 2019 as against 26.3 per cent at end-March 2019.

US dollar-denominated debt continued to be the largest component of the country's external debt, with a share of 51.5 per cent at end-June 2019, followed by the rupee (34.7 per cent), yen (5.1 per cent), SDR (4.7 per cent) and the euro (3.2 per cent).

The borrower-wise classification shows that the outstanding debt of both government and non-government sectors increased at end-June 2019.

Debt service declined to 5.8 per cent of current receipts at end-June 2019 as compared with 6.4 per cent at end-March 2019, reflecting lower repayments of commercial borrowings

http://www.businessworld.in/article...57-4-Billion-End-June-2019/01-10-2019-176938/

@Hindustani78 @Nilgiri

which is only 17 % of GDP , which is not alarming at all . BTW when are our brothers on the other side are sending human being in the space . fawad chodhwary said he will buy the tickets till 2022