India’s external debt rose to $230.85 bn

March 31st, 2009 - 10:30 pm ICT by IANS  

New Delhi, March 31 (IANS) India’s total external debt rose to $230.85 billion at the end of December from $224.65 billion at September-end, the finance ministry said Tuesday.
“The total external debt marginally increased 2.8 percent from $224.65 billion at September-end 2008, as commercial external borrowings by India Inc continued to enjoy major chunk of external debt,” a ministry release said.

External commercial borrowings increased by $4.6 billion to $66.16 billion with its share in total debt increasing to 28.7 percent from 27.4 percent at September-end.

“Short-term debt, which had increased in the first two quarters of 2008-09, declined by $3.2 billion during the quarter ended December 2008 to $47.48 billion,” it added.

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