The World bank international Debt Report states that in 2023, India's external debt increased by $31 billion to $646.79 billion. Additionally, interest payments rose from $15.08 billion in 2022 to $22.54 billion in 2023. Short-term debt decreased somewhat to $126.32 billion, but long-term debt increased 7% to $498 billion.
The paper states that in 2023, debt payment accounted for 10% of exports, while the foreign debt stock as a proportion of exports was 80%.
According to the World bank international Debt Report, 2024, net debt inflows totaled $33.42 billion throughout the year, although net equity inflows were greater in 2023 at $46.94 billion.
Indeed, during the last several years, india has amassed enough foreign exchange reserves to act as a buffer against macro shocks. In its coffers, the Reserve bank has more over $640 billion.
The World bank predicted in september that India's GDP will increase by a robust 7% in fiscal 2025. This is in spite of the external world being muted and the post-pandemic rebound effects having faded. The international lender said in its bi-annual india Development Update that there are substantial external risks to the outlook.
It stated that rising inflation might continue to keep global interest rates "higher for longer" and that geopolitical tensions could specifically put pressure on commodities prices and vital supply networks.
The paper states that in 2023, debt payment accounted for 10% of exports, while the foreign debt stock as a proportion of exports was 80%.
According to the World bank international Debt Report, 2024, net debt inflows totaled $33.42 billion throughout the year, although net equity inflows were greater in 2023 at $46.94 billion.
Indeed, during the last several years, india has amassed enough foreign exchange reserves to act as a buffer against macro shocks. In its coffers, the Reserve bank has more over $640 billion.
The World bank predicted in september that India's GDP will increase by a robust 7% in fiscal 2025. This is in spite of the external world being muted and the post-pandemic rebound effects having faded. The international lender said in its bi-annual india Development Update that there are substantial external risks to the outlook.
It stated that rising inflation might continue to keep global interest rates "higher for longer" and that geopolitical tensions could specifically put pressure on commodities prices and vital supply networks.
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