India's external debt up 7.2 % at $120.9 B
Facebook Twitter google+ RSS Feed

India's external debt up 7.2 % at $120.9 B

By agencies   |   Thursday, 31 March 2005, 08:00 Hrs
Printer Print Email Email
NEW DELHI:India's external debt was up by 7.2 percent to $120.9 billion till 2004 mainly due to a 14 percent rise in short-term capital inflows.

Long-term debt increased by a modest 6.8 percent to $114 billion till December 2004, according to the latest estimates of Finance Ministry.

Short-term debt went up by 14 percent to $6.9 billion till December 2004, the quarterly report 'India's External Debt' said.

The external debt was up by 6.4 percent ($7.3 billion) to $120.9 billion till December 2004 as against $113.6 billion at the end of September 2004.

While long-term debt was up by 6.1 percent or $6.5 billion, short-term debt was up by 12.7 percent or $774 million.

"A large part of the increase, about 57 percent or $4.1 billion, is explained by the valuation change arising out of depreciation of US dollar against major international currenci

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset