10 Countries Facing Huge External Debt

Bangalore: If we think Greece is the only country that is feeling the pain of rising external debt, then we are wrong. There are many nations, including India, that have massive external debt. Let's take a look at some of these countries.

India

India is one of the world's fastest-growing economies. According to the International Monetary Fund, as of 2011, the Indian economy is nominally worth US$1.676 trillion and India  is the eleventh-largest economy by market exchange rates, and is, at US$4.457 trillion, the third-largest by purchasing power parity, or PPP. With its average annual GDP growth rate of 5.8 percent over the past two decades, and reaching 6.1 percent during 2011–12. However, the country ranks 140th in the world in nominal GDP per capita and 129th in GDP per capita at PPP

External debt: $345.8 billion

Per capita debt: $300

Percent of GDP: 20