NEW DELHI, Mar 6: India’s external debt situation has been brought-in to a moderate level thanks to the country following prudent policies, according to a key government document. External debt stock has increased by a 3.7 per cent from 13.7 billion dollars to 455.9 billion dollars in September, 2014 over March, 2014.
Long-term debt accounted for 81.1 per cent of the total external debt vis-a-vis 79.8 per cent at March-end, 2014 while the share of short-term debt declined from 20.2 per cent at March, 2014 to 18.9 per cent in September, 2014, as per latest data.
The currency composition of total external debt showed the share of US dollar-denominated debt continued to be the highest level at 60.1 per cent, followed by Indian rupee at 24.2 per cent, special drawing rights (SDR) at 6.5 per cent. Foreign exchange reserves provided a cover of 68.9 per cent to the total external debt stock at September, 2014 against 68.8 per cent in March, 2014, it added.
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