India's external debt at $513.4 bn after rising by 8.8 per cent
The rise during the period was primarily due to the increase in commercial borrowings, NRI deposits and short-term debt, it said. Finance Ministry`s Economic Affairs Department has been compiling and releasing quarterly statistics on India`s external debt for the quarters ending September and December every year
"The shares of government (sovereign) and non-government debt in the total external debt were 21.2 per cent and 78.8 per cent respectively at end-December with the former`s share rising from 19.4 per cent at end-March," it added. Image source: Reuters