Table 155 : India's External Debt
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(US $ million) |
|
Item |
|
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
1 |
|
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
I. |
Multilateral |
19164 |
20900 |
23090 |
25008 |
26263 |
28542 |
28616 |
29218 |
29553 |
30534 |
31438 |
31105 |
31899 |
29994 |
29614 |
A. |
Government borrowing |
18399 |
19887 |
21651 |
23247 |
24158 |
26127 |
26059 |
26369 |
26344 |
26967 |
27584 |
27414 |
28290 |
27271 |
26814 |
i) |
Concessional |
12672 |
13377 |
14320 |
15503 |
16044 |
17777 |
17576 |
17636 |
17836 |
18596 |
19269 |
19080 |
19713 |
21560 |
22678 |
a) |
IDA |
12261 |
13052 |
13974 |
15169 |
15721 |
17438 |
17263 |
17337 |
17541 |
18301 |
18964 |
18811 |
19440 |
21258 |
22360 |
b) |
Others |
411 |
325 |
346 |
334 |
323 |
339 |
313 |
299 |
295 |
295 |
305 |
269 |
273 |
302 |
318 |
ii) |
Non-concessional |
5727 |
6510 |
7331 |
7744 |
8114 |
8350 |
8483 |
8733 |
8508 |
8371 |
8315 |
8334 |
8577 |
5711 |
4136 |
a) |
IBRD |
5690 |
6293 |
6796 |
6947 |
7203 |
7136 |
6938 |
6772 |
6430 |
6062 |
5810 |
5654 |
5742 |
4009 |
3138 |
b) |
Others |
37 |
217 |
535 |
797 |
911 |
1214 |
1545 |
1961 |
2078 |
2309 |
2505 |
2680 |
2835 |
1702 |
998 |
B. |
Non-government borrowing |
765 |
1013 |
1439 |
1761 |
2105 |
2415 |
2557 |
2849 |
3209 |
3567 |
3854 |
3691 |
3609 |
2723 |
2800 |
i) |
Concessional |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
ii) |
Non-concessional |
765 |
1013 |
1439 |
1761 |
2105 |
2415 |
2557 |
2849 |
3209 |
3567 |
3854 |
3691 |
3609 |
2723 |
2800 |
a) |
Public sector |
92 |
157 |
458 |
572 |
891 |
1033 |
1353 |
1318 |
2216 |
2523 |
2793 |
2655 |
2609 |
1945 |
2048 |
IBRD |
92 |
157 |
308 |
418 |
690 |
640 |
860 |
929 |
1319 |
1495 |
1589 |
1525 |
1496 |
920 |
1262 |
|
Others |
0 |
0 |
150 |
154 |
201 |
393 |
493 |
389 |
897 |
1028 |
1204 |
1130 |
1113 |
1025 |
786 |
|
b) |
Financial institutions |
465 |
657 |
754 |
928 |
869 |
813 |
721 |
665 |
550 |
641 |
710 |
722 |
766 |
668 |
647 |
IBRD |
292 |
451 |
553 |
576 |
533 |
510 |
481 |
450 |
256 |
249 |
229 |
218 |
215 |
110 |
98 |
|
Others |
173 |
206 |
201 |
352 |
336 |
303 |
240 |
215 |
294 |
392 |
481 |
504 |
551 |
558 |
549 |
|
c) |
Private sector |
208 |
199 |
227 |
261 |
345 |
569 |
483 |
866 |
443 |
403 |
351 |
314 |
234 |
110 |
105 |
IBRD |
184 |
171 |
202 |
228 |
305 |
512 |
364 |
456 |
334 |
309 |
269 |
246 |
190 |
63 |
59 |
|
Others |
24 |
28 |
25 |
33 |
40 |
57 |
119 |
410 |
109 |
94 |
82 |
68 |
44 |
47 |
46 |
|
II. |
Bilateral |
13565 |
14168 |
15466 |
16154 |
17450 |
20270 |
19213 |
17494 |
16969 |
17499 |
18175 |
15974 |
15323 |
16814 |
17489 |
A. |
Government borrowing |
11489 |
11936 |
13099 |
13578 |
14519 |
16841 |
15535 |
13652 |
12998 |
13447 |
13966 |
12176 |
11540 |
12664 |
12987 |
i) |
Concessional |
11489 |
11936 |
13099 |
13578 |
14519 |
16841 |
15232 |
13394 |
12786 |
13286 |
13613 |
11898 |
11359 |
12547 |
12900 |
ii) |
Non-concessional |
0 |
0 |
0 |
0 |
0 |
0 |
303 |
258 |
212 |
161 |
353 |
278 |
181 |
117 |
87 |
B. |
Non-government borrowing |
2076 |
2232 |
2367 |
2576 |
2931 |
3429 |
3678 |
3842 |
3971 |
4052 |
4209 |
3798 |
3783 |
4150 |
4502 |
i) |
Concessional |
262 |
266 |
348 |
400 |
465 |
603 |
903 |
948 |
448 |
645 |
922 |
1196 |
1411 |
1684 |
2014 |
a) |
Public sector |
4 |
0 |
0 |
0 |
61 |
208 |
110 |
293 |
49 |
124 |
341 |
635 |
877 |
1083 |
1315 |
b) |
Financial institutions |
255 |
266 |
348 |
400 |
404 |
395 |
793 |
655 |
399 |
521 |
581 |
561 |
534 |
601 |
699 |
c) |
Private sector |
3 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
ii) |
Non-concessional |
1814 |
1966 |
2019 |
2176 |
2466 |
2826 |
2775 |
2894 |
3523 |
3407 |
3287 |
2602 |
2372 |
2466 |
2488 |
a) |
Public sector |
1507 |
1530 |
1432 |
1513 |
1745 |
1943 |
1631 |
1453 |
1358 |
1224 |
1089 |
796 |
988 |
1090 |
1214 |
b) |
Financial institutions |
158 |
273 |
396 |
503 |
547 |
598 |
639 |
678 |
1067 |
1028 |
952 |
765 |
760 |
751 |
680 |
c) |
Private sector |
149 |
163 |
191 |
160 |
174 |
285 |
505 |
763 |
1098 |
1155 |
1246 |
1041 |
624 |
625 |
594 |
III. |
International Monetary Fund |
1493 |
2623 |
3451 |
4799 |
5040 |
4300 |
2374 |
1313 |
664 |
287 |
26 |
0 |
0 |
0 |
0 |
IV. |
Trade credit |
4655 |
4301 |
3990 |
4322 |
5203 |
6629 |
5376 |
5861 |
6526 |
6789 |
6780 |
5923 |
5368 |
4974 |
4588 |
a) |
Buyers’ credit |
1096 |
1154 |
1142 |
1277 |
1745 |
1977 |
2101 |
3116 |
3908 |
4265 |
4297 |
3717 |
3311 |
2820 |
2523 |
b) |
Suppliers’ credit |
555 |
483 |
442 |
656 |
1316 |
2042 |
1567 |
1335 |
1380 |
1303 |
1280 |
1158 |
1069 |
1063 |
943 |
c) |
Export credit component of bilateral credit |
790 |
719 |
791 |
1181 |
1263 |
1464 |
1325 |
1165 |
1112 |
1155 |
1184 |
1035 |
988 |
1091 |
1122 |
d) |
Export credit for defence purposes |
2214 |
1945 |
1615 |
1208 |
879 |
1146 |
383 |
245 |
126 |
66 |
19 |
13 |
0 |
0 |
0 |
V. |
Commercial borrowing |
9335 |
10209 |
11715 |
11643 |
12363 |
12991 |
13873 |
14335 |
16986 |
20978 |
19943 |
24215 |
23226 |
22540 |
22286 |
a) |
Commercial bank loans |
6687 |
6831 |
6704 |
6453 |
5959 |
5837 |
6731 |
8349 |
9981 |
10343 |
10094 |
9899 |
9962 |
9898 |
11671 |
b) |
Securitised borrowings (inclu. IDBs and FCCBs) $ |
2468 |
3022 |
4512 |
4479 |
5278 |
5377 |
5751 |
4825 |
6022 |
9772 |
9073 |
13694 |
12757 |
12136 |
9711 |
c) |
Loans / securitised borrowings, etc., with multilateral/bilateral guarantee and IFC(W) |
180 |
356 |
484 |
674 |
775 |
952 |
888 |
981 |
874 |
808 |
750 |
622 |
507 |
506 |
904 |
d) |
Self liquidating loans |
0 |
0 |
15 |
37 |
351 |
825 |
503 |
180 |
109 |
55 |
26 |
0 |
0 |
0 |
0 |
VI. |
NRI & FC(B&O) deposits |
9124 |
10209 |
10083 |
11141 |
12665 |
12383 |
11011 |
11012 |
11913 |
11794 |
13559 |
16568 |
17154 |
23160 |
31171 |
(above one-year maturity) |
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a) |
NRI deposits @ |
9124 |
10114 |
9833 |
10876 |
12665 |
12383 |
11011 |
11012 |
11913 |
11794 |
13559 |
16568 |
17154 |
23160 |
31171 |
b) |
FC(B&O) deposits |
0 |
95 |
250 |
265 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
VII. |
Rupee debt * |
11021 |
12847 |
10420 |
10616 |
10084 |
9624 |
8233 |
7511 |
5874 |
4731 |
4406 |
3719 |
3042 |
2818 |
2709 |
a) |
Defence |
9972 |
11645 |
9222 |
9661 |
9160 |
8763 |
7488 |
6847 |
5311 |
4243 |
3964 |
3339 |
2712 |
2511 |
2415 |
b) |
Civilian + |
1049 |
1202 |
1198 |
955 |
924 |
861 |
745 |
664 |
563 |
488 |
442 |
380 |
330 |
307 |
294 |
VIII. |
Total long-term debt (I to VII) |
68357 |
75257 |
78215 |
83683 |
89068 |
94739 |
88696 |
86744 |
88485 |
92612 |
94327 |
97504 |
96012 |
100300 |
107857 |
IX. |
Short-term debt |
7501 |
8544 |
7070 |
6340 |
3627 |
4269 |
5034 |
6726 |
5046 |
4274 |
3936 |
3628 |
2745 |
4569 |
4736 |
a) |
NRI deposits (up to 1 year maturity) @ |
3244 |
3577 |
2486 |
2603 |
1300 |
2278 |
2883 |
3773 |
2192 |
2086 |
1372 |
957 |
968 |
1962 |
304 |
b) |
FC(B&O) deposits (up to 1 year maturity) |
0 |
167 |
357 |
779 |
533 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
c) |
Others (trade related) ** |
4257 |
4800 |
4227 |
2958 |
1794 |
1991 |
2151 |
2953 |
2854 |
2188 |
2564 |
2671 |
1777 |
2607 |
4432 |
X. |
Gross total |
75858 |
83801 |
85285 |
90023 |
92695 |
99008 |
93730 |
93470 |
93531 |
96886 |
98263 |
101132 |
98757 |
104869 |
112593 |
Concessional debt |
35444 |
38426 |
38187 |
40097 |
41112 |
44845 |
41944 |
39489 |
36944 |
37258 |
38210 |
35893 |
35525 |
38609 |
40301 |
|
As % of total debt |
46.7 |
45.9 |
44.8 |
44.5 |
44.4 |
45.3 |
44.7 |
42.2 |
39.5 |
38.5 |
38.9 |
35.5 |
36.0 |
36.8 |
35.8 |
|
Short-term debt |
7501 |
8544 |
7070 |
6340 |
3627 |
4269 |
5034 |
6726 |
5046 |
4274 |
3936 |
3628 |
2745 |
4569 |
4736 |
|
As % of total debt |
9.9 |
10.2 |
8.3 |
7.0 |
3.9 |
4.3 |
5.4 |
7.2 |
5.4 |
4.4 |
4.0 |
3.6 |
2.8 |
4.4 |
4.2 |
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Debt indicators: |
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Debt stock to GDP ratio (%) |
26.8 |
28.7 |
38.7 |
37.5 |
33.8 |
30.8 |
27.0 |
24.5 |
24.3 |
23.6 |
22.1 |
22.6 |
21.1 |
20.2 |
17.6 |
|
Debt-service ratio (%) |
30.2 |
35.3 |
30.2 |
27.5 |
25.4 |
26.2 |
24.3 |
21.2 |
19.0 |
17.8 |
16.2 |
17.2 |
13.9 |
15.1 |
18.3 |
|
(For fiscal year; including debt servicing on non-civilian credits) |
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$ Includes net investment by 100% FII debt funds, Resurgent India Bonds (RIBs) and India Millennium Deposits (IMDs). |
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@ Figures include accrued interest. |
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* Debt owed to Russia denominated in Rupees and converted at current exchange rates, payable in exports. |
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+ Includes suppliers’ credit from end-March 1990 onwards. |
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** Excluding suppliers’ credit up to 180 days. |
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IDBs India Development Bonds. |
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FCCBs Foreign currency convertible bonds. |
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IFC(W) International Finance Corporation (Washington D.C.). |
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FC(B&O) Foreign currency (banks & others) deposits. |
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Note : Multilateral loans do not include revaluation of IBRD pooled loans and exchange rate adjustment under IDA loans for pre-1971 credits. |
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Source : External Debt Management Unit, Ministery of Finance and Reserve Bank of India. |
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