External Debt of India
- On 26th June, 2024, the Reserve Bank of India informed that India's external debt stood at $663.8 billion at end-March 2024, marking a $39.7 billion rise from its level at the end of March 2023.
- External debt is the portion of a country’s debt that is borrowed from foreign lenders, including commercial banks, governments, or international financial institutions.
- External debt is typically repaid with interest over a specified period.
- Repayment can be made through various means, including using foreign reserves, generating export earnings, attracting foreign direct investment, or refinancing through issuing new debt ....
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