Page
Official Website of Reserve Bank of India
83548194
Published on August 31, 2004
Table 156 : India’s External Debt
(Rupees crore) | ||||||||||||||||
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 | 32886 | 40386 | 68262 | 77758 | 82199 | 89819 | 98173 | 105066 | 116904 | 129682 | 137132 | 145105 | 155633 | 142680 | 128662 |
A. | Government borrowing | 31575 | 38429 | 63787 | 72286 | 75617 | 82223 | 89428 | 94824 | 104218 | 114531 | 120321 | 127886 | 138023 | 129727 | 116493 |
i) | Concessional | 21760 | 25849 | 40990 | 48206 | 50250 | 55963 | 60425 | 63418 | 70560 | 78979 | 84051 | 89008 | 96177 | 102559 | 98524 |
a) | IDA | 21055 | 25221 | 40017 | 47167 | 49238 | 54897 | 59349 | 62343 | 69392 | 77725 | 82721 | 87753 | 94848 | 101122 | 97141 |
b) | Others | 705 | 628 | 973 | 1039 | 1012 | 1066 | 1076 | 1075 | 1168 | 1254 | 1330 | 1255 | 1329 | 1437 | 1383 |
ii) | Non-concessional | 9815 | 12580 | 22797 | 24080 | 25367 | 26260 | 29003 | 31406 | 33658 | 35552 | 36270 | 38878 | 41846 | 27168 | 17969 |
a) | IBRD | 9752 | 12161 | 21134 | 21602 | 22518 | 22442 | 23721 | 24354 | 25438 | 25747 | 25343 | 26376 | 28012 | 19069 | 13634 |
b) | Others | 63 | 419 | 1663 | 2478 | 2849 | 3818 | 5282 | 7052 | 8220 | 9805 | 10927 | 12502 | 13834 | 8099 | 4335 |
B. | Non-Government borrowing | 1311 | 1957 | 4475 | 5472 | 6582 | 7596 | 8745 | 10242 | 12686 | 15151 | 16811 | 17219 | 17610 | 12953 | 12169 |
i) | Concessional | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ii) | Non-concessional | 1311 | 1957 | 4475 | 5472 | 6582 | 7596 | 8745 | 10242 | 12686 | 15151 | 16811 | 17219 | 17610 | 12953 | 12169 |
a) | Public sector | 158 | 303 | 1424 | 1777 | 2786 | 3248 | 4628 | 4738 | 8765 | 10716 | 12183 | 12386 | 12729 | 9255 | 8897 |
IBRD | 158 | 303 | 962 | 1300 | 2158 | 2013 | 2942 | 3341 | 5217 | 6349 | 6931 | 7114 | 7298 | 4378 | 5482 | |
Others | 0 | 0 | 462 | 477 | 628 | 1235 | 1686 | 1397 | 3548 | 4367 | 5252 | 5272 | 5431 | 4877 | 3415 | |
b) | Financial institutions | 799 | 1270 | 2345 | 2883 | 2718 | 2559 | 2464 | 2391 | 2171 | 2723 | 3099 | 3368 | 3736 | 3177 | 2814 |
IBRD | 503 | 872 | 1720 | 1791 | 1667 | 1605 | 1643 | 1618 | 1011 | 1057 | 999 | 1017 | 1049 | 525 | 427 | |
Others | 296 | 398 | 625 | 1092 | 1051 | 954 | 821 | 773 | 1160 | 1666 | 2100 | 2351 | 2687 | 2652 | 2387 | |
c) | Private sector | 354 | 384 | 706 | 812 | 1078 | 1789 | 1653 | 3113 | 1750 | 1712 | 1529 | 1465 | 1145 | 521 | 458 |
IBRD | 313 | 330 | 628 | 709 | 953 | 1610 | 1244 | 1639 | 1321 | 1312 | 1173 | 1148 | 929 | 298 | 258 | |
Others | 41 | 54 | 78 | 103 | 125 | 179 | 409 | 1474 | 429 | 400 | 356 | 317 | 216 | 223 | 200 | |
II. | Bilateral | 22993 | 27378 | 47603 | 50258 | 54580 | 63761 | 65740 | 62891 | 67104 | 74304 | 79278 | 74519 | 74762 | 79983 | 75981 |
A. | Government borrowing | 19444 | 23065 | 40371 | 42220 | 45387 | 52965 | 53119 | 49092 | 51420 | 57106 | 60920 | 56802 | 56302 | 60243 | 56423 |
i) | Concessional | 19444 | 23065 | 40371 | 42220 | 45387 | 52965 | 52078 | 48165 | 50583 | 56425 | 59380 | 55504 | 55418 | 59688 | 56045 |
ii) | Non-concessional | 0 | 0 | 0 | 0 | 0 | 0 | 1041 | 927 | 837 | 681 | 1540 | 1298 | 884 | 555 | 378 |
B. | Non-Government borrowing | 3549 | 4313 | 7232 | 8038 | 9193 | 10796 | 12621 | 13799 | 15684 | 17198 | 18358 | 17717 | 18460 | 19740 | 19558 |
i) | Concessional | 441 | 514 | 928 | 1243 | 1453 | 1896 | 3088 | 3409 | 1770 | 2738 | 4022 | 5579 | 6885 | 8013 | 8750 |
a) | Public sector | 7 | 0 | 0 | 0 | 190 | 654 | 376 | 1054 | 192 | 526 | 1488 | 2962 | 4278 | 5152 | 5711 |
b) | Financial institutions | 431 | 514 | 928 | 1243 | 1263 | 1242 | 2712 | 2355 | 1578 | 2212 | 2534 | 2617 | 2607 | 2861 | 3039 |
c) | Private sector | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ii) | Non-concessional | 3108 | 3799 | 6304 | 6795 | 7740 | 8900 | 9533 | 10390 | 13914 | 14460 | 14336 | 12138 | 11575 | 11727 | 10808 |
a) | Public sector | 2581 | 2957 | 4472 | 4726 | 5475 | 6120 | 5602 | 5216 | 5360 | 5197 | 4752 | 3715 | 4822 | 5183 | 5273 |
b) | Financial institutions | 271 | 527 | 1236 | 1571 | 1718 | 1883 | 2197 | 2436 | 4216 | 4363 | 4151 | 3568 | 3708 | 3572 | 2954 |
c) | Private sector | 256 | 315 | 596 | 498 | 547 | 897 | 1734 | 2738 | 4338 | 4900 | 5433 | 4855 | 3045 | 2972 | 2581 |
III. | International Monetary Fund | 2572 | 5132 | 8934 | 14985 | 15812 | 13545 | 8152 | 4714 | 2622 | 1218 | 113 | 0 | 0 | 0 | 0 |
IV. | Trade credit | 8002 | 8374 | 12418 | 13484 | 16307 | 20876 | 18432 | 21044 | 25783 | 28812 | 29564 | 27625 | 26110 | 23649 | 19933 |
a) | Buyers’ credit | 1877 | 2230 | 3566 | 3989 | 5474 | 6227 | 7216 | 11184 | 15433 | 18097 | 18734 | 17336 | 16147 | 13408 | 10961 |
b) | Suppliers’ credit | 950 | 933 | 1380 | 2050 | 4129 | 6432 | 5382 | 4791 | 5453 | 5532 | 5582 | 5401 | 5144 | 5051 | 4097 |
c) | Export credit component of bilateral credit | 1340 | 1390 | 2428 | 3671 | 3947 | 4604 | 4529 | 4189 | 4399 | 4905 | 5165 | 4828 | 4819 | 5190 | 4875 |
d) | Export credit for defence purposes | 3835 | 3821 | 5044 | 3774 | 2757 | 3613 | 1305 | 880 | 498 | 278 | 83 | 60 | 0 | 0 | 0 |
V. | Commercial borrowing | 15988 | 19727 | 35711 | 36367 | 38782 | 40915 | 47642 | 51454 | 67086 | 89019 | 86963 | 112938 | 113451 | 107165 | 96823 |
a) | Commercial bank loans | 11453 | 13200 | 20933 | 20156 | 18694 | 18384 | 23120 | 29968 | 39419 | 43892 | 44015 | 46169 | 48682 | 47062 | 50705 |
b) | Securitised borrowings (inclu. IDBs and FCCBs) $ | 4227 | 5840 | 13219 | 13990 | 16557 | 16935 | 19790 | 17320 | 23786 | 41464 | 39564 | 63868 | 62258 | 57696 | 42191 |
c) | Loans/securitised borrowings, etc. with multilateral/bilateral guarantees and IFC(W) | 308 | 687 | 1512 | 2105 | 2430 | 2998 | 3050 | 3521 | 3451 | 3430 | 3271 | 2901 | 2511 | 2407 | 3927 |
d) | Self liquidating loans | 0 | 0 | 47 | 116 | 1101 | 2598 | 1682 | 645 | 430 | 233 | 113 | 0 | 0 | 0 | 0 |
VI. | NRI & FC(B&O) deposits | |||||||||||||||
(above one-year maturity) | 15719 | 20030 | 27384 | 34941 | 39729 | 39006 | 37802 | 39527 | 47050 | 50048 | 59120 | 77273 | 83712 | 110021 | 135422 | |
a) | NRI deposits @ | 15719 | 19843 | 26737 | 34113 | 39729 | 39006 | 37802 | 39527 | 47050 | 50048 | 59120 | 77273 | 83712 | 110021 | 135422 |
b) | FC (B&O) deposits | 0 | 187 | 647 | 828 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
VII. | Rupee debt * | 19075 | 25199 | 31956 | 33149 | 31634 | 30315 | 28150 | 26978 | 23204 | 20077 | 19218 | 17345 | 14844 | 13390 | 11770 |
a) | Defence | 17276 | 22875 | 28796 | 30177 | 28735 | 27603 | 25602 | 24590 | 20976 | 18004 | 17290 | 15573 | 13235 | 11931 | 10492 |
b) | Civilian + | 1799 | 2324 | 3160 | 2972 | 2899 | 2712 | 2548 | 2388 | 2228 | 2073 | 1928 | 1772 | 1609 | 1459 | 1278 |
VIII. | Total long-term debt (I to VII) | 117235 | 146226 | 232268 | 260942 | 279043 | 298237 | 304091 | 311674 | 349753 | 393160 | 411388 | 454805 | 468512 | 476888 | 468591 |
IX. | Short-term debt | 12964 | 16775 | 20642 | 19804 | 11375 | 13448 | 16637 | 24153 | 19929 | 18137 | 17162 | 16919 | 13396 | 21705 | 20577 |
a) | NRI deposits (up to 1 year maturity) @ | 5589 | 7018 | 6517 | 8131 | 4078 | 7176 | 9896 | 13547 | 8657 | 8852 | 5983 | 4463 | 4724 | 9320 | 1321 |
b) | FC(B&O) deposits (up to 1 year maturity) | 0 | 328 | 924 | 2433 | 1672 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
c) | Others (trade related) ** | 7375 | 9429 | 13201 | 9240 | 5625 | 6272 | 6741 | 10606 | 11272 | 9285 | 11179 | 12456 | 8672 | 12385 | 19256 |
X. | Gross total | 130199 | 163001 | 252910 | 280746 | 290418 | 311685 | 320728 | 335827 | 369682 | 411297 | 428550 | 471724 | 481908 | 498593 | 489168 |
Concessional debt | 60720 | 74627 | 114245 | 124818 | 128724 | 141139 | 143741 | 141970 | 146117 | 158219 | 166671 | 167436 | 173325 | 183650 | 175089 | |
As % of total debt | 46.6 | 45.8 | 45.2 | 44.5 | 44.3 | 45.3 | 44.8 | 42.3 | 39.5 | 38.5 | 38.9 | 35.5 | 36.0 | 36.8 | 35.8 | |
Short-term debt | 12964 | 16775 | 20642 | 19804 | 11375 | 13448 | 16637 | 24153 | 19929 | 18137 | 17162 | 16919 | 13396 | 21705 | 20577 | |
As % of total debt | 10.0 | 10.3 | 8.2 | 7.1 | 3.9 | 4.3 | 5.2 | 7.2 | 5.4 | 4.4 | 4.0 | 3.6 | 2.8 | 4.4 | 4.2 | |
Debt indicators: | ||||||||||||||||
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 | 17.3 | 13.9 | 15.1 | 18.3 | |
(For fiscal year; including debt servicing on non-civilian credits) | ||||||||||||||||
$ Includes net investment by 100% FII debt funds, Resurgent India Bonds (RIBs) and India Millennium Deposits (IMDs). * Debt owed to Russia denominated in Rupees and converted at current exchange rates, payable in exports. + Includes suppliers’ credit from end-March 1990 onwards. @ Figures include accrued interest. ** Excluding suppliers’ credit up to 180 days. IDBs India Development Bonds. FCCBs Foreign currency convertible bonds. IFC(W) International Finance Corporation (Washington D.C.). FC(B&O) Foreign currency (banks & others) deposits. Note : Multilateral loans do not include revaluation of IBRD pooled loans and exchange rate adjustment under IDA loans for pre-1971 credits. Source : External Debt Management Unit, Ministery of Finance and Reserve Bank of India. |
PLAYING
LISTEN
Page Last Updated on:
Was this page helpful?