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Date : Sep 15, 2011
Table 157 : India’s External Debt - US Dollar (end - March)

(US $ million)

Item

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

1

2

3

4

5

6

7

8

9

10

11

I. Multilateral

25008

26263

28542

28616

29218

29553

30534

31438

31105

31899

A. Government Borrowing

23247

24158

26127

26059

26369

26344

26967

27584

27414

28290

i) Concessional

15503

16044

17777

17576

17636

17836

18596

19269

19080

19713

a) IDA

15169

15721

17438

17263

17337

17541

18301

18964

18811

19440

b) Others

334

323

339

313

299

295

295

305

269

273

ii) Non-concessional

7744

8114

8350

8483

8733

8508

8371

8315

8334

8577

a) IBRD

6947

7203

7136

6938

6772

6430

6062

5810

5654

5742

b) Others

797

911

1214

1545

1961

2078

2309

2505

2680

2835

B. Non-Government Borrowing

1761

2105

2415

2557

2849

3209

3567

3854

3691

3609

i) Concessional

0

0

0

0

0

0

0

0

0

0

ii) Non-concessional

1761

2105

2415

2557

2849

3209

3567

3854

3691

3609

a) Public Sector

572

891

1033

1353

1318

2216

2523

2793

2655

2609

IBRD

418

690

640

860

929

1319

1495

1589

1525

1496

Others

154

201

393

493

389

897

1028

1204

1130

1113

b) Financial Institution

928

869

813

721

665

550

641

710

722

766

IBRD

576

533

510

481

450

256

249

229

218

215

Others

352

336

303

240

215

294

392

481

504

551

c) Private Sector

261

345

569

483

866

443

403

351

314

234

IBRD

228

305

512

364

456

334

309

269

246

190

Others

33

40

57

119

410

109

94

82

68

44

II. Bilateral

16154

17450

20270

19213

17494

16969

17499

18175

15975

15323

A. Government Borrowing

13578

14519

16841

15535

13652

12998

13447

13966

12176

11540

i) Concessional

13578

14519

16841

15232

13394

12786

13286

13613

11898

11359

ii) Non-concessional

0

0

0

303

258

212

161

353

278

181

B. Non-government borrowing

2576

2931

3429

3678

3842

3971

4052

4209

3799

3783

i) Concessional

400

465

603

903

948

448

645

922

1196

1411

a) Public Sector

0

61

208

110

293

49

124

341

635

877

b) Financial Institution

400

404

395

793

655

399

521

581

561

534

c) Private Sector

0

0

0

0

0

0

0

0

0

0

ii) Non-concessional

2176

2466

2826

2775

2894

3523

3407

3287

2603

2372

a) Public Sector

1513

1745

1943

1631

1453

1358

1224

1089

797

988

b) Financial Institutions

503

547

598

639

678

1067

1028

952

765

760

c) Private Sector

160

174

285

505

763

1098

1155

1246

1041

624

III. International Monetary Fund

4799

5040

4300

2374

1313

664

287

26

0

0

IV. Trade Credit

4322

5203

6629

5376

5861

6526

6789

6780

5923

5368

a) Buyers Credit

1277

1745

1977

2101

3116

3908

4265

4297

3717

3311

b) Suppliers credit

656

1316

2042

1567

1335

1380

1303

1280

1158

1069

c) Export credit component of bilateral credit

1181

1263

1464

1325

1165

1112

1155

1184

1035

988

d) Export credit for defence purpose

1208

879

1146

383

245

126

66

19

13

0


TABLE 157 : INDIA'S EXTERNAL DEBT - US DOLLAR (End - March) (Contd.)

(US $ million)

Item

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

1

2

3

4

5

6

7

8

9

10

11

V. Commercial borrowing

11643

12363

12991

13873

14335

16986

20978

19943

24408

23320

a) Commercial bank loans

6453

5959

5837

6731

8349

9981

10343

10094

9899

9962

b) Securitized borrowings (inclu. IDBs and FCCBs)

4479

5278

5377

5751

4825

6022

9772

9073

13887

12851

c) Loans/Securitized borrowings, etc, with multilateral/bilateral guarantee and IFC(W)

674

775

952

888

981

874

808

750

622

507

d) Self liquidating loans

37

351

825

503

180

109

55

26

0

0

VI. NRI & FC(B&O) deposits

11141

12665

12383

11011

11012

11913

11794

13559

16568

17154

VII. Rupee debt.

10616

10084

9624

8233

7511

5874

4731

4406

3719

3034

a) Defence

9661

9160

8763

7488

6847

5311

4243

3964

3339

2704

b) Civilian

955

924

861

745

664

563

488

442

380

330

VIM. Total long-term debt (I to VII)

83683

89068

94739

88696

86744

88485

92612

94327

97698

96098

IX. Short-term debt

6340

3627

4269

5034

6726

5046

4274

3936

3628

2745

a) NRI deposits
(up to 1 year maturity)

2603

1300

2278

2883

3773

2192

2086

1372

957

968

b) FC(BSO) deposits (up to 1 year maturity)

779

533

0

0

0

0

0

0

0

0

c) Trade related Credits

2958

1794

1991

2151

2953

2854

2188

2564

2671

1777

1) 6 Months and above up to 1 year

1165

1794

1991

2151

2953

2854

2188

2564

2671

1777

2) Up to 6 months

1793

0

0

0

0

0

0

0

0

0

d) Fll Investments on Govt. T Bills and other instruments

0

0

0

0

0

0

0

0

0

0

e) Investments in Treasury Bills by Foreign Central Banks and International Institutions

0

0

0

0

0

0

0

0

0

0

f) External Debt Liabilities of (i+ii)

0

0

0

0

0

0

0

0

0

0

i) Central Bank

0

0

0

0

0

0

0

0

0

0

ii) Commercial Bank

0

0

0

0

0

0

0

0

0

0

X. Gross Total Debt

90023

92695

99008

93730

93470

93531

96886

98263

101326

98843

Concessional Debt as % of Total Debt

44.5

44.4

45.3

44.7

42.2

39.5

38.5

38.9

35.4

35.9

Short Term Debt as % of Total Debt

7.0

3.9

4.3

5.4

7.2

5.4

4.4

4.0

3.6

2.8

Debt Stock- GDP Ratio (%)

37.5

33.8

30.8

27.0

24.6

24.3

23.6

22.0

22.5

21.1

Debt Service Ratio (%)

27.5

25.4

25.9

26.2

23.0

19.5

18.7

17.1

16.6

13.7


TABLE 157 : INDIA'S EXTERNAL DEBT - US DOLLAR (End-March) (Contd.)

(US $ million)

Item

2003

2004

2005

2006

2007

2008

2009

2010

2011

1

12

13

14

15

16

17

18

19

20

I. Multilateral

29994

29297

31744

32620

35337

39490

39538

42859

48464

A. Government Borrowing

27271

26826

29204

29996

32514

36170

35724

37825

42578

i) Concessional

21560

22674

24023

23731

24876

26859

25080

25711

26991

a) IDA

21258

22356

23693

23418

24548

26497

24757

25380

26637

b) Others

302

318

330

313

328

362

323

331

355

ii) Non-concessional

5711

4152

5181

6265

7638

9311

10644

12114

15587

a) IBRD

4009

3144

3771

4400

5015

5660

5878

6397

8774

b) Others

1702

1008

1410

1865

2623

3651

4766

5717

6813

B. Non-Government Borrowing

2723

2471

2540

2624

2823

3320

3814

5034

5886

i) Concessional

0

0

0

0

0

0

0

0

0

ii) Non-concessional

2723

2471

2540

2624

2823

3320

3814

5034

5886

a) Public Sector

1945

1770

1828

1908

2136

2589

2807

3305

3535

IBRD

920

984

1020

1030

1043

1173

1395

1893

2057

Others

1025

786

808

878

1093

1416

1412

1412

1479

b) Financial Institution

668

651

637

589

554

588

730

1194

1680

IBRD

110

85

58

141

150

149

146

298

425

Others

558

566

579

448

404

439

584

896

1255

c) Private Sector

110

50

75

127

133

143

277

535

670

IBRD

63

0

0

0

0

0

0

0

0

Others

47

50

75

127

133

143

277

535

670

II. Bilateral

16802

17277

17034

15761

16065

19708

20610

22593

25953

A. Government Borrowing

12664

12987

13132

12239

12344

14853

14655

15860

18075

i) Concessional

12547

12900

13074

12211

12344

14853

14655

15860

18075

ii) Non-concessional

117

87

58

28

0

0

0

0

0

B. Non-government borrowing

4138

4290

3902

3522

3721

4855

5955

6733

7878

i) Concessional

1685

1983

1708

1558

396

435

641

702

917

a) Public Sector

1083

1287

1292

1185

285

307

227

248

363

b) Financial Institution

602

696

416

373

111

128

414

454

555

c) Private Sector

0

0

0

0

0

0

0

0

0

ii) Non-concessional

2453

2307

2194

1964

3325

4420

5314

6031

6961

a) Public Sector

1076

1110

995

813

1702

2525

2959

3072

3121

b) Financial Institutions

751

710

650

535

878

934

846

761

845

c) Private Sector

626

487

549

616

745

961

1509

2198

2994

III. International Monetary Fund

0

1008

1029

981

1029

1120

1018

6041

6308

IV. Trade Credit

4995

4697

5022

5420

7165

10328

14481

16867

18627

a) Buyers Credit

2823

2546

2980

3607

5417

8287

12572

14837

16425

b) Suppliers credit

1081

1029

905

751

675

750

635

651

630

c) Export credit component of bilateral credit

1091

1122

1137

1062

1073

1291

1274

1379

1572

d) Export credit for defence purpose

0

0

0

0

0

0

0

0

0


TABLE 157 : INDIA'S EXTERNAL DEBT - US DOLLAR (End-March) (Concld.)

(US $ million)

Item

2003

2004

2005

2006

2007

2008

2009

2010

2011

1

12

13

14

15

16

17

18

19

20

V. Commercial borrowing

22472

22007

26405

26452

41443

62334

62461

70800

88267

a) Commercial bank loans

9870

11588

14375

16479

24577

40159

43169

44892

58034

b) Securitized borrowings (inclu. IDBs and FCCBs)

12093

9568

11197

9217

15603

20668

17918

25090

29501

c) Loans/Securitized borrowings, lefc, with multilateral/bilateral guarantee and IFC(W)

509

851

833

756

1263

1507

1374

818

731

d) Self liquidating loans

0

0

0

0

0

0

0

0

0

VI. NRI & FC(B&O) deposits

23160

31216

32743

36282

41240

43672

41554

47890

51682

VII. Rupee debt.

2822

2720

2302

2059

1951

2017

1523

1657

1601

a) Defence

2515

2426

2031

1819

1728

1794

1361

1487

1437

b) Civilian

307

294

271

240

223

223

162

171

164

VIM. Total long-term debt (I to VII)

100245

108222

116279

119575

144230

178669

181185

208707

240902

IX. Short-term debt

4669

4431

17723

19539

28130

45738

43313

52329

64990

a) NRI deposits (up to 1 year maturity)

1962

304

0

0

0

0

0

0

0

b) FC(BSO) deposits (up to 1 year maturity)

0

0

0

0

0

0

0

0

0

c) Trade related Credits

2707

4127

16271

19399

25979

41901

39915

47473

58462

1) 6 Months and above up to 1 year

2707

4127

7529

8696

11971

22884

23346

28003

35347

2) Up to 6 months

0

0

8742

10703

14008

19017

16569

19470

23116

d) Fll Investments on Govt. T Bills and other instruments

0

0

1452

140

397

651

2065

3357

5424

e) Investments in Treasury Bills by Foreign Central Banks and International Institutions

0

0

0

0

164

155

105

103

50

f) External Debt Liabilities of (i+ii)

0

0

0

0

1590

3031

1228

1396

1054

i) Central Bank

0

0

0

0

501

1115

764

695

155

ii) Commercial Bank

0

0

0

0

1089

1916

464

701

898

X. Gross Total Debt

104914

112653

134002

139114

172360

224407

224498

261036

305892

Concessional Debt as % of Total Debt

36.8

35.8

30.7

28.4

23.0

19.7

18.7

16.8

15.6

Short Term Debt as % of Total Debt

4.5

3.9

13.2

14.0

16.3

20.4

19.3

20.0

21.2

Debt Stock- GDP Ratio (%)

20.3

17.8

18.1

16.8

17.5

18.0

20.5

18.0

17.3

Debt Service Ratio (%)

16.0

16.1

5.9

10.1

4.7

4.8

4.4

5.5

4.2

IDBs     : India Development Bonds                                           FCCBs   : Foreign Currency Convertible Bonds
IFC(W) : International Finance Corporation (Washington)       FC(BSO) : Foreign Currency (Banks & Others) Deposits
Note : 1. Other concessional multilateral Government borrowing refers to debt outstanding to Institutions like IFAD, OPEC & EEC (SAC).
2. Multilateral non-concessional Government/ public sector/ financial institutions other borrowings refers to debt outstanding against loans from ADB.
3. Securitised commercial borrowings (inclu. IDBs and FCCBs) includes net Investment by 100% Fll debt funds, Resurgent India Bonds (RIBs) and India Millennium Deposits (IMDs).
4. Rupee debt refers to debt owed to Russia denominated in Rupees and converted at current exchange rates, payable in exports.
5. Civilian's rupee debt includes Supplier's credit from end-March 1990 onwards.
6. Short-term debt does not include suppliers' credit of up to180 days from 1994 till 2004.
7. Multilateral loans do not include revaluation of IBRD pooled loans and exchange rate adjustment under IDA loans for Pre-1971 credits.
8. Debt- service ratio from the year 1992 - 93 includes the revised private transfer contra-entry on account of gold and silver imports.
Source : External Debt Management Unit, Ministry of Finance and Reserve Bank of India.


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