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Annual Report


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Date : Aug 23, 2012
India's External Debt (As at end-March)

(As at end-March)

Item

` billion

US $ million

2010 R

2011 PR

2012 P

2010 R

2011 PR

2012 P

1

2

3

4

5

6

7

I. Multilateral

1,934

2,167

2,571

42,857

48,474

50,453

A. Government borrowing

1,707

1,903

2,226

37,825

42,578

43,686

i) Concessional

1,160

1,207

1,387

25,711

26,991

27,221

ii) Non-concessional

547

697

839

12,114

15,587

16,465

B. Non-Government borrowing

227

263

345

5,032

5,896

6,768

i) Concessional

ii) Non-concessional

227

263

345

5,032

5,896

6,768

II. Bilateral

1,020

1,148

1,364

22,593

25,698

26,757

A. Government borrowing

716

804

916

15,860

17,988

17,987

i) Concessional

716

804

916

15,860

17,988

17,987

ii) Non-concessional

B. Non-Government borrowing

304

344

448

6,733

7,710

8,771

i) Concessional

32

41

68

702

917

1,339

ii) Non-concessional

272

303

380

6,031

6,792

7,432

III. International Monetary Fund

273

282

315

6,041

6,308

6,163

IV. Trade Credit

760

831

1,018

16,841

18,613

19,908

i) Buyers’ credit

668

733

882

14,811

16,411

17,244

ii) Suppliers’ credit

29

28

56

651

637

1,100

iii) Export credit component of bilateral credit

62

70

80

1,379

1,564

1,564

iv) Export credit for defence purposes

V. Commercial Borrowings

3,192

3,954

5,341

70,726

88,565

1,04,397

i) Commercial bank loans

2,024

2,617

3,782

44,832

58,612

73,929

ii) Securitised borrowings (including FCCBs) $

1,132

1,305

1,533

25,075

29,221

29,963

iii) Loans/securitised borrowings, etc.

37

33

26

819

732

504

iv) Self Liquidating Loans

VI. NRI & FC(B&O) Deposits (above one-year maturity)

2,171

2,308

2,998

47,890

51,682

58,608

i) FCNR(B)

646

697

626

14,258

15,597

14,968

ii) NR(E)RA

1,190

1,178

1,607

26,251

26,378

31,408

iii) NRO

335

434

766

7,381

9,707

12,232

VII. Rupee Debt *

75

71

69

1,658

1,601

1,354

i) Defence

67

64

62

1,487

1,437

1,216

ii) Civilian +

8

7

7

171

164

138

VIII. Total Long-term Debt (I to VII)

9,425

10,761

13,677

2,08,606

2,40,941

2,67,640

IX. Short-term Debt

2,362

2,901

4,000

52,329

64,990

78,179

i) Trade Related Credits

2,143

2,610

3,332

47,473

58,463

65,130

ii) FII Investment in Govt. T-Bills & other instruments

152

242

481

3,357

5,424

9,395

iii) Investment in Treasury Bills by foreign central banks and  international institutions etc.

5

2

3

103

50

64

iv) External Debt Liabilities of Central Bank and Commercial Banks

63

47

184

1,396

1,053

3,590

X. GROSS TOTAL

11,786

13,663

17,677

2,60,935

3,05,931

3,45,819

Concessional Debt

1,983

2,123

2,441

43,930

47,497

47,900

As percentage of Total Debt

16.8

15.5

13.8

16.8

15.5

13.9

Short Term Debt

2,362

2,901

4,000

52,329

64,990

78,179

As percentage of Total Debt

20.0

21.2

22.6

20.0

21.2

22.6

Memo Items:

Debt Indicators :

 

 

 

 

 

 

1. Debt Stock - GDP Ratio (in per cent)

18.3

17.8

20.0

18.3

17.8

20.0

2. Debt Service Ratio (per cent) (for fiscal year) (including debt-servicing on non-civilian credits)

5.8

4.3

6.0

5.8

4.3

6.0

R : Revised. PR : Partially Revised. P : Provisional.
$ : Includes net investment by 100 per cent FII debt funds.
* : Debt owed to Russia denominated in Rupees and converted at current exchange rates, payable in exports.
+ : Includes Rupee suppliers’ credit from end-March 1990 onwards.
Note : Multilateral loans do not include revaluation of IBRD pooled loans and exchange rate adjustment under IDA loans for Pre-1971 credits.

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