India's external debt stands at $496 bn in September

India's external debt reached USD 495.7 billion at the tip of Sept quarter, up 5.1 per cent over end-March 2017, totally on account of increase in foreign investment within the debt section of capital market.

On a ordered basis, total external debt at end- Sept 2017 enlarged by USD 10 billion (2.1 per cent) from the end-June 2017 level.

"The rise in external debt throughout the amount was primarily because of the rise in foreign portfolio investment (FPI) within the debt section of domestic capital market enclosed underneath industrial borrowings," the finance ministry same in an exceedingly statement.

Some increase in short debt primarily because of trade connected credit conjointly contributed to the increase in total external debt.

The release any same the maturity pattern of India's external debt indicates dominance of semipermanent borrowings.

"At end-September 2017, semipermanent external debt accounted for 81.3 per cent of India's total external debt, whereas the remaining (18.7 per cent) was short external debt," it said.

Further, the shares of presidency (sovereign) and non- Government debt within the total external debt were 21.6 per cent and 78.4 per cent severally, with the former's share increasing from 19.4 per cent at end-March 2017.

"This was in the main because of the increasing level of foreign portfolio investment in government securities," it said.

The North American nation greenback denominated debt accounted for 50 per cent of India's total external debt at end-September 2017, followed by Indian rupee (35.7 per cent), SDR (5.7 per cent), Japanese Yen (4.4 per cent), Euro (3.2 per cent), pound (0.6 per cent), et al (0.4 per cent).

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