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Date : Sep 15, 2022
Table 147 : India’s External Debt - US Dollar (end-March)
(US $ Million)
Item 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
1 2 3 4 5 6 7 8 9 10 11
I. Multilateral 29297 31744 32620 35337 39490 39538 42857 48475 50453 51590
A. Government Borrowing 26826 29204 29996 32514 36171 35724 37825 42579 43686 43539
i) Concessional 22674 24023 23731 24876 26859 25080 25711 26992 27221 26443
a) IDA 22356 23693 23418 24548 26497 24757 25380 26637 26853 26071
b) Others 318 330 313 328 362 323 331 355 368 372
ii) Non-concessional 4152 5181 6265 7638 9312 10644 12114 15587 16465 17096
a) IBRD 3144 3771 4400 5015 5660 5878 6397 8774 8897 8912
b) Others 1008 1410 1865 2623 3652 4766 5717 6813 7568 8184
B. Non-government Borrowing 2471 2540 2624 2823 3319 3814 5032 5896 6767 8051
i) Concessional 0 0 0 0 0 0 0 0 0 0
ii) Non-concessional 2471 2540 2624 2823 3319 3814 5032 5896 6767 8051
a) Public Sector 1770 1828 1908 2136 2589 2807 3305 3536 3808 4324
IBRD 984 1020 1030 1043 1173 1395 1893 2057 2177 2355
Others 786 808 878 1093 1416 1412 1412 1479 1631 1969
b) Financial Institutions 651 637 589 554 587 730 1193 1681 2018 2650
IBRD 85 58 141 150 148 146 298 425 531 549
Others 566 579 448 404 439 584 895 1256 1487 2101
c) Private Sector 50 75 127 133 143 277 534 679 941 1077
IBRD 0 0 0 0 0 0 0 0 0 0
Others 50 75 127 133 143 277 534 679 941 1077
II. Bilateral 17277 17034 15761 16065 19708 20610 22593 25712 26884 25158
A. Government Borrowing 12987 13132 12239 12344 14853 14655 15860 17988 17986 16259
i) Concessional 12900 13074 12211 12344 14853 14655 15860 17988 17986 16259
ii) Non-concessional 87 58 28 0 0 0 0 0 0 0
B. Non-government Borrowing 4290 3902 3522 3721 4855 5955 6733 7724 8897 8899
i) Concessional 1983 1708 1558 396 435 641 702 918 1501 1558
a) Public Sector 1287 1292 1185 285 307 227 248 363 974 1093
b) Financial Institutions 696 416 373 111 128 414 454 555 527 465
c) Private Sector 0 0 0 0 0 0 0 0 0 0
ii) Non-concessional 2307 2194 1964 3325 4420 5314 6031 6806 7396 7341
a) Public Sector 1110 995 813 1702 2525 2959 3072 3087 2781 2397
b) Financial Institutions 710 650 535 878 934 846 761 840 762 776
c) Private Sector 487 549 616 745 961 1509 2198 2879 3853 4168
III. International Monetary Fund 1008 1029 981 1029 1120 1018 6041 6308 6163 5964
IV. Trade Credit 4697 5022 5420 7165 10328 14481 16841 18647 18990 17760
a) Buyers credit 2546 2980 3607 5417 8287 12572 14811 16437 16790 15567
b) Suppliers credit 1029 905 751 675 750 635 651 646 636 779
c) Export credit component of bilateral credit 1122 1137 1062 1073 1291 1274 1379 1564 1564 1414
d) Export credit for defence purposes 0 0 0 0 0 0 0 0 0 0
(Continued)

TABLE 147 : INDIA'S EXTERNAL DEBT - US DOLLAR (End-March) (Contd.)
(US $ Million)
Item 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
1 2 3 4 5 6 7 8 9 10 11
V. Commercial Borrowing 22007 26405 26452 41443 62334 62461 70726 100476 120136 140125
a) Commercial bank loans 11588 14375 16479 24577 40159 43169 44832 58643 72946 83555
b) Securitized borrowings (inclu. IDBs and FCCBs) 9568 11197 9217 15603 20668 17918 25075 41100 46686 56274
c) Loans/securitized borrowings, etc., with multilateral/bilateral guarantee and IFC(W) 851 833 756 1263 1507 1374 819 733 504 296
d) Self liquidating loans 0 0 0 0 0 0 0 0 0 0
VI. Non-resident Deposits 31216 32743 36282 41240 43672 41554 47890 51682 58608 70822
VII. Rupee Debt 2720 2302 2059 1951 2017 1523 1658 1601 1354 1258
a) Defence 2426 2031 1819 1728 1794 1361 1487 1437 1216 1133
b) Civilian 294 271 240 223 223 162 171 164 138 125
VIII. Total Long-term Debt (I to VII) 108222 116279 119575 144230 178669 181185 208606 252901 282587 312677
IX. Short-term Debt 4431 17723 19539 28130 45738 43313 52329 64990 78179 96697
a) Non-resident deposits (up to 1 year maturity) 304 0 0 0 0 0 0 0 0 0
b) Trade-related credits 4127 16271 19399 25979 41901 39915 47473 58463 65130 86787
1) Above 180 days 4127 7529 8696 11971 22884 23346 28003 35347 39182 59021
2) Up to 180 days 0 8742 10703 14008 19017 16569 19470 23116 25948 27766
c) FII investments on government treasury bills and other instruments 0 1452 140 397 651 2065 3357 5424 9395 5455
d) Investments in treasury bills by foreign central banks and international institutions 0 0 0 164 155 105 103 50 64 82
e) External Debt Liabilities of (i+ii) 0 0 0 1590 3031 1228 1396 1053 3590 4373
i) Central Bank 0 0 0 501 1115 764 695 155 170 181
ii) Commercial Banks 0 0 0 1089 1916 464 701 898 3420 4192
X. Gross External Debt Position 112653 134002 139114 172360 224407 224498 260935 317891 360766 409374
Concessional Debt as % of Total Debt 35.8 30.7 28.4 23.0 19.7 18.7 16.8 14.9 13.3 11.1
Short-term Debt as % of Total Debt 3.9 13.2 14.0 16.3 20.4 19.3 20.1 20.4 21.7 23.6
Debt to GDP Ratio (%) 17.7 18.4 17.1 17.7 18.3 20.7 18.5 18.6 21.1 22.4
Debt Service Ratio (%) 16.1 5.9 10.1 4.7 4.8 4.4 5.8 4.4 6.0 5.9
(Continued)

TABLE 147 : INDIA'S EXTERNAL DEBT - US DOLLAR (End-March) (Contd.)
(US $ Million)
Item 2014 2015 2016 2017 2018 2019 2020 2021 2022
1 12 13 14 15 16 17 18 19 20
I. Multilateral 53418 52391 54000 54499 57249 57419 60023 69750 72790
A. Government Borrowing 44598 43015 44170 44356 46907 46471 48354 57689 60596
i) Concessional 27173 24679 25005 24117 25256 23272 22211 22734 21200
a) IDA 26770 24294 24595 23705 24789 22803 21704 22206 20684
b) Others 403 385 411 412 467 469 507 527 516
ii) Non-concessional 17425 18336 19165 20238 21651 23199 26143 34956 39395
a) IBRD 8876 9117 9244 9335 9496 9756 11058 13650 14944
b) Others 8549 9219 9921 10903 12155 13443 15085 21306 24451
B. Non-government Borrowing 8820 9376 9829 10144 10341 10949 11669 12061 12194
i) Concessional 0 0 0 0 0 0 0 0 0
ii) Non-concessional 8820 9376 9829 10144 10341 10949 11669 12061 12194
a) Public Sector 4669 5010 5319 4944 5192 5667 6195 6632 6464
IBRD 2394 2502 2554 2558 2608 2706 2877 3013 3051
Others 2275 2508 2765 2386 2583 2961 3317 3619 3412
b) Financial Institutions 3139 3492 3791 4595 4654 4722 4089 4118 4440
IBRD 635 592 899 1120 1142 1226 1150 1085 1121
Others 2504 2900 2892 3475 3511 3496 2939 3033 3319
c) Private Sector 1012 874 719 605 496 560 1385 1312 1291
IBRD 0 0 0 0 0 0 0 0 0
Others 1012 874 719 605 496 560 1385 1312 1291
II. Bilateral 24727 21726 22448 23214 25373 26646 28058 30926 32266
A. Government Borrowing 16099 14121 15457 16887 19857 20514 22370 24640 26054
i) Concessional 16099 14121 15457 16887 19857 20514 22370 24640 26054
ii) Non-concessional 0 0 0 0 0 0 0 0 0
B. Non-government Borrowing 8628 7605 6991 6327 5516 6132 5687 6285 6211
i) Concessional 1714 1610 1786 1845 1998 2523 3309 3449 3224
a) Public Sector 1290 1205 1359 1040 1170 1767 2504 2650 2609
b) Financial Institutions 424 405 427 805 827 755 805 798 614
c) Private Sector 0 0 0 0 0 0 0 0 0
ii) Non-concessional 6914 5995 5205 4482 3518 3609 2378 2836 2988
a) Public Sector 2223 1846 1646 1460 1311 1417 514 701 818
b) Financial Institutions 724 531 455 488 389 354 302 703 734
c) Private Sector 3967 3618 3105 2534 1818 1838 1561 1432 1436
III. International Monetary Fund 6149 5488 5605 5410 5784 5523 5430 5638 22876
IV. Trade Credit 15518 12608 10548 9625 9485 7747 6849 6278 3374
a) Buyers credit 13323 10546 8286 7216 6718 4970 3956 3202 2576
b) Suppliers credit 795 834 918 940 1040 993 947 933 797
c) Export credit component of bilateral credit 1400 1228 1344 1468 1727 1784 1945 2143 0
d) Export credit for defence purposes 0 0 0 0 0 0 0 0 0
(Continued)

TABLE 147 : INDIA'S EXTERNAL DEBT - US DOLLAR (End-March) (Concld.)
(US $ Million)
Item 2014 2015 2016 2017 2018 2019 2020 2021 2022
1 12 13 14 15 16 17 18 19 20
V. Commercial Borrowing 149375 180295 180480 172045 201821 205804 219532 217121 227775
a) Commercial bank loans 96946 101492 97585 87492 84679 94582 109131 109676 114789
b) Securitized borrowings (inclu. IDBs and FCCBs) 52149 78426 82533 84195 116798 110923 110117 107174 112750
c) Loans/securitized borrowings, etc., with multilateral/bilateral guarantee and IFC(W) 280 377 362 358 344 300 284 272 237
d) Self liquidating loans 0 0 0 0 0 0 0 0 0
VI. Non-resident Deposits 103844 115163 126929 116867 126182 130423 130581 141895 139022
VII. Rupee Debt 1468 1506 1278 1228 1213 1158 1022 975 960
a) Defence 1361 1407 1189 1141 1130 1084 958 913 904
b) Civilian 107 99 89 87 83 74 64 62 56
VIII. Total Long-term Debt (I to VII) 354500 389177 401287 382888 427105 434719 451494 472582 499062
IX. Short-term Debt 91678 85499 83504 88124 102173 108415 106878 101081 121675
a) Non-resident deposits (up to 1 year maturity) 0 0 0 0 0 0 0 0 0
b) Trade-related credits 81743 81631 80022 86489 100389 102409 101384 97254 117359
1) Above 180 days 54992 53405 51208 56155 66297 52476 51603 46903 48098
2) Up to 180 days 26751 28226 28814 30333 34091 49934 49781 50351 69261
c) FII investments on government treasury bills and other instruments 5605 1167 20 40 89 1735 1723 1696 2087
d) Investments in treasury bills by foreign central banks and international institutions 95 114 238 243 275 263 242 266 256
e) External Debt Liabilities of (i+ii) 4235 2586 3225 1352 1420 4008 3529 1865 1972
i) Central Bank 148 150 180 243 274 221 180 174 76
ii) Commercial Banks 4087 2436 3045 1110 1146 3787 3349 1691 1897
X. Gross External Debt Position 446178 474675 484791 471012 529278 543135 558372 573663 620737
Concessional Debt as % of Total Debt 10.4 8.8 9.0 9.4 9.1 8.7 8.8 9.0 8.3
Short-term Debt as % of Total Debt 20.5 18.0 17.2 18.7 19.3 20.0 19.1 17.6 19.6
Debt to GDP Ratio (%) 23.9 23.8 23.4 19.8 20.1 19.9 20.9 21.2 19.9
Debt Service Ratio (%) 5.9 7.6 8.8 8.3 7.5 6.4 6.5 8.2 5.2
IDBs : India Development Bonds
FCCBs : Foreign Currency Convertible Bonds
IFC(W) : International Finance Corporation (Washington)
Notes : 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 refer to debt outstanding against loans from ADB.
3. Securitised commercial borrowings (inclu. IDBs and FCCBs) include 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 :Ministry of Finance, Government of India and Reserve Bank of India.

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