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Date : Sep 16, 2016
Table 159 : India’s External Debt - Rupees (end-March)
(₹ Billion)
Item 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
1 2 3 4 5 6 7 8 9 10 11
I. Multilateral 1169.04 1296.82 1371.32 1451.05 1556.33 1426.83 1311.05 1388.97 1455.03 1540.53
A. Government Borrowing 1042.18 1145.31 1203.21 1278.86 1380.23 1297.27 1200.73 1277.82 1338.00 1417.46
i) Concessional 705.60 789.79 840.51 890.08 961.77 1025.59 1014.90 1051.14 1058.52 1084.48
a) IDA 693.92 777.25 827.21 877.53 948.48 1011.22 1000.65 1036.71 1044.57 1070.19
b) Others 11.68 12.54 13.30 12.55 13.29 14.37 14.25 14.43 13.95 14.29
ii) Non-concessional 336.58 355.52 362.70 388.78 418.46 271.68 185.83 226.68 279.48 332.98
a) IBRD 254.38 257.47 253.43 263.76 280.12 190.69 140.74 165.00 196.26 218.64
b) Others 82.20 98.05 109.27 125.02 138.34 80.99 45.09 61.68 83.22 114.34
B. Non-Government Borrowing 126.86 151.51 168.11 172.19 176.10 129.56 110.32 111.15 117.03 123.07
i) Concessional 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ii) Non-concessional 126.86 151.51 168.11 172.19 176.10 129.56 110.32 111.15 117.03 123.07
a) Public Sector 87.65 107.16 121.83 123.86 127.29 92.55 79.16 80.00 85.10 93.15
IBRD 52.17 63.49 69.31 71.14 72.98 43.78 44.02 44.62 45.94 45.50
Others 35.48 43.67 52.52 52.72 54.31 48.77 35.14 35.38 39.16 47.65
b) Financial Institutions 21.71 27.23 30.99 33.68 37.36 31.77 29.02 27.89 26.28 24.14
IBRD 10.11 10.57 9.99 10.17 10.49 5.25 3.81 2.52 6.30 6.55
Others 11.60 16.66 21.00 23.51 26.87 26.52 25.21 25.37 19.98 17.59
c) Private Sector 17.50 17.12 15.29 14.65 11.45 5.24 2.14 3.26 5.65 5.78
IBRD 13.21 13.12 11.73 11.48 9.29 2.98 0.00 0.00 0.00 0.00
Others 4.29 4.00 3.56 3.17 2.16 2.26 2.14 3.26 5.65 5.78
II. Bilateral 671.04 743.04 792.78 745.19 747.62 799.21 770.84 745.30 703.02 700.34
A. Government Borrowing 514.20 571.06 609.20 568.02 563.02 602.43 581.21 574.58 545.93 538.10
i) Concessional 505.83 564.25 593.80 555.04 554.18 596.88 577.42 572.07 544.68 538.10
ii) Non-concessional 8.37 6.81 15.40 12.98 8.84 5.55 3.79 2.51 1.25 0.00
B. Non-Government Borrowing 156.84 171.98 183.58 177.17 184.60 196.78 189.63 170.72 157.09 162.24
i) Concessional 17.70 27.38 40.22 55.79 68.85 80.13 88.76 74.71 69.49 17.27
a) Public Sector 1.92 5.26 14.88 29.62 42.78 51.52 57.59 56.53 52.85 12.41
b) Financial Institutions 15.78 22.12 25.34 26.17 26.07 28.61 31.17 18.18 16.64 4.86
c) Private Sector 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ii) Non-concessional 139.14 144.60 143.36 121.38 115.75 116.65 100.87 96.01 87.60 144.97
a) Public Sector 53.60 51.97 47.52 37.15 48.22 51.16 48.51 43.53 36.28 74.20
b) Financial Institutions 42.16 43.63 41.51 35.68 37.08 35.71 31.19 28.47 23.86 38.28
c) Private Sector 43.38 49.00 54.33 48.55 30.45 29.78 21.17 24.01 27.46 32.49
III. International Monetary Fund 26.22 12.18 1.13 0.00 0.00 0.00 43.81 45.03 43.78 44.84
IV. Trade Credit 257.83 288.12 295.64 276.25 261.10 237.50 205.53 219.76 241.75 312.37
a) Buyers Credit 154.33 180.97 187.34 173.36 161.47 134.21 110.61 130.40 160.88 236.17
b) Suppliers Credit 54.53 55.32 55.82 54.01 51.44 51.39 44.71 39.61 33.51 29.41
c) Export Credit Component of Bilateral Credit 43.99 49.05 51.65 48.28 48.19 51.90 50.21 49.75 47.36 46.79
d) Export Credit for Defence Purpose 4.98 2.78 0.83 0.60 0.00 0.00 0.00 0.00 0.00 0.00
(Continued)

TABLE 159 : INDIA’S EXTERNAL DEBT - RUPEES
(End-March) (Contd.)
(₹ Billion)
Item 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
1 2 3 4 5 6 7 8 9 10 11
V. Commercial Borrowing 670.86 890.19 869.63 1138.39 1139.08 1068.43 956.11 1155.33 1179.91 1806.69
a) Commercial Bank Loans 394.19 438.92 440.15 461.69 486.83 469.29 503.46 628.96 735.08 1071.45
b) Securitized Borrowings (inclu. IDBs and FCCBs) 237.86 414.64 395.64 647.69 627.14 574.95 415.67 489.92 411.12 680.20
c) Loans/Securitized Borrowi etc. with Multilateral/Bilateral Guarantee and IFC(W) 34.51 34.30 32.71 29.01 25.11 24.19 36.98 36.45 33.71 55.04
d) Self Liquidating Loans 4.30 2.33 1.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00
VI. NRI & FC(B&O) Deposits 470.50 500.48 591.20 772.73 837.12 1100.22 1356.18 1432.67 1618.34 1797.86
VII. Rupee Debt 232.04 200.77 192.18 173.45 148.07 134.05 118.56 100.71 91.84 85.08
a) Defence 209.76 180.04 172.90 155.73 131.98 119.46 105.39 88.87 81.12 75.33
b) Civilian 22.28 20.73 19.28 17.72 16.09 14.59 13.17 11.84 10.72 9.75
VIII. Total Long-term Debt (I to VII) 3497.53 3931.60 4113.88 4557.06 4689.32 4766.24 4762.08 5087.77 5333.67 6287.71
IX. Short-term Debt 199.29 181.37 171.62 169.19 133.96 221.80 192.51 775.28 871.55 1226.31
a) NRI Deposits (up to 1 year maturity) 86.57 88.52 59.83 44.63 47.24 93.20 13.21 0.00 0.00 0.00
c) Trade related credits 112.72 92.85 111.79 124.56 86.72 128.60 179.30 711.73 865.31 1132.56
1) Up to 6 Months 0.00 0.00 0.00 0.00 0.00 0.00 0.00 382.51 477.43 610.68
2) 6 Months and Above up to 1 Year 112.72 92.85 111.79 124.56 86.72 128.60 179.30 329.22 387.88 521.88
d) FII Investments in Govt. T Bills and Other Instruments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 63.55 6.24 17.32
e) Investments in Treasury Bills by Foreign Central Banks and International Institutions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.12
f) External Debt Liabilities of (i+ii) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 69.31
i) Central Bank 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21.85
ii) Commercial Bank 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 47.46
X. Gross Total Debt 3696.82 4112.97 4285.50 4726.25 4823.28 4988.04 4954.59 5863.05 6205.22 7514.02
Concessional Debt as % of Total Debt 39.5 38.5 38.9 35.4 35.9 36.8 35.8 30.7 28.4 23.0
Short-term Debt as % of Total Debt 5.4 4.4 4.0 3.6 2.8 4.5 3.9 13.2 14.0 16.3
Debt Stock- GDP Ratio (%) 24.3 23.6 22.0 22.5 21.1 20.3 18.0 18.1 16.8 17.5
Debt Service Ratio (%) 19.5 18.7 17.1 16.6 13.7 16.0 16.1 5.9 10.1 4.7
(Continued)

TABLE 159 : INDIA’S EXTERNAL DEBT - RUPEES
(End-March) (Contd.)
(₹ Billion)
Item 2008 2009 2010 2011 2012 2013 2014 2015 2016
1 12 13 14 15 16 17 18 19 20
I. Multilateral 1579.01 2014.25 1934.36 2166.72 2570.88 2793.10 3215.60 3281.49 3592.87
A. Government Borrowing 1446.27 1819.97 1707.22 1903.26 2225.79 2356.70 2684.91 2694.30 2941.22
i) Concessional 1073.95 1277.71 1160.46 1206.53 1386.91 1431.30 1635.89 1545.81 1665.06
a) IDA 1059.47 1261.27 1145.52 1190.68 1368.16 1411.19 1611.65 1521.71 1637.72
b) Others 14.48 16.44 14.94 15.85 18.75 20.11 24.24 24.10 27.34
ii) Non-concessional 372.32 542.26 546.76 696.73 838.88 925.40 1049.02 1148.49 1276.16
a) IBRD 226.31 299.48 288.74 392.18 453.28 482.39 534.33 571.07 615.53
b) Others 146.01 242.78 258.02 304.55 385.60 443.01 514.69 577.43 660.63
B. Non-Government Borrowing 132.74 194.28 227.14 263.46 345.09 436.40 530.69 587.18 651.64
i) Concessional 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ii) Non-concessional 132.74 194.28 227.14 263.46 345.09 436.40 530.69 587.18 651.64
a) Public Sector 103.52 142.98 149.19 158.02 194.07 234.14 281.05 313.85 354.09
IBRD 46.90 71.05 85.44 91.93 110.92 127.49 144.12 156.74 170.05
Others 56.62 71.93 63.75 66.09 83.15 106.64 136.93 157.11 184.04
b) Financial Institutions 23.50 37.21 53.85 75.11 102.90 143.70 188.81 218.60 249.86
IBRD 5.93 7.44 13.43 18.99 27.07 29.73 38.20 37.09 59.84
Others 17.57 29.77 40.42 56.12 75.83 113.97 150.61 181.51 190.02
c) Private Sector 5.72 14.09 24.10 30.33 48.12 58.56 60.83 54.73 47.69
IBRD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Others 5.72 14.09 24.10 30.33 48.12 58.56 60.83 54.73 47.69
II. Bilateral 788.02 1049.97 1019.76 1149.05 1370.86 1363.29 1488.13 1362.19 1497.46
A. Government Borrowing 593.91 746.62 715.84 804.06 916.41 880.07 969.18 884.52 1029.25
i) Concessional 593.91 746.62 715.84 804.06 916.41 880.07 969.18 884.52 1029.25
ii) Non-concessional 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B. Non-Government Borrowing 194.11 303.35 303.92 344.99 454.45 483.22 518.95 477.67 468.21
i) Concessional 17.37 32.62 31.69 41.01 76.48 84.35 103.18 100.80 118.92
a) Public Sector 12.26 11.56 11.21 16.21 49.63 59.16 77.63 75.46 90.52
b) Financial Institutions 5.11 21.06 20.48 24.80 26.85 25.19 25.55 25.34 28.40
c) Private Sector 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ii) Non-concessional 176.74 270.73 272.23 303.98 377.97 398.87 415.77 376.88 349.28
a) Public Sector 100.97 150.76 138.45 137.89 142.00 130.10 133.74 115.61 109.92
b) Financial Institutions 37.35 43.11 34.36 37.54 38.86 42.06 43.61 33.23 31.19
c) Private Sector 38.42 76.86 99.42 128.55 197.11 226.71 238.42 228.03 208.17
III. International Monetary Fund 44.79 51.88 272.64 281.63 315.28 324.39 369.10 343.50 371.77
IV. Trade Credit 412.96 737.72 760.11 831.12 971.17 965.56 932.75 789.93 708.09
a) Buyers Credit 331.34 640.46 668.49 732.73 858.96 846.67 800.69 660.93 558.27
b) Suppliers Credit 29.98 32.34 29.37 28.47 32.52 42.36 47.79 52.09 60.32
c) Export Credit Component of Bilateral Credit 51.64 64.92 62.25 69.92 79.69 76.53 84.27 76.91 89.50
d) Export Credit for Defence Purpose 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(Continued)

TABLE 159 : INDIA’S EXTERNAL DEBT - RUPEES
(End-March) (Concld.)
(₹ Billion)
Item 2008 2009 2010 2011 2012 2013 2014 2015 2016
1 12 13 14 15 16 17 18 19 20
V. Commercial Borrowing 2492.43 3182.09 3192.21 4484.48 6146.23 7621.28 8977.44 11305.87 12025.24
a) Commercial Bank Loans 1605.77 2199.25 2023.50 2616.78 3731.94 4544.50 5826.44 6357.97 6492.94
b) Securitized Borrowings (inclu. IDBs and FCCBs) 826.41 912.86 1131.77 1835.04 2388.49 3060.70 3134.16 4924.30 5508.03
c) Loans/securitised borrowings etc with multilateral/bilateral guarantee and IFC(W) 60.25 69.98 36.94 32.66 25.80 16.08 16.84 23.60 24.28
d) Self Liquidating Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
VI. NRI & FC(B&O) Deposits 1746.23 2101.18 2170.62 2308.12 2998.40 3852.02 6241.01 7209.97 8419.56
VII. Rupee Debt 80.65 77.60 74.80 71.47 69.22 68.39 88.26 94.26 84.79
a) Defence 71.72 69.35 67.09 64.16 62.20 61.64 81.79 88.07 78.87
b) Civilian 8.93 8.25 7.71 7.31 7.02 6.75 6.47 6.19 5.92
VIII. Total Long-term Debt (I to VII) 7144.09 9214.69 9424.50 11292.58 14442.05 16988.03 21312.29 24387.20 26699.77
IX. Short-term Debt 1828.81 2206.56 2361.88 2901.49 3999.62 5259.31 5509.85 5351.44 5530.43
a) NRI Deposits (up to 1 year maturity) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c) Trade related credits 1675.40 2033.45 2142.67 2610.06 3332.02 4720.26 4912.71 5109.38 5308.06
1) Up to 6 Months 760.38 844.09 878.76 1032.00 1327.48 1510.16 1607.71 1766.71 1911.32
2) 6 Months and Above up to 1 Year 915.02 1189.36 1263.91 1578.06 2004.54 3210.10 3305.00 3342.67 3396.74
d) FII Investments in Govt. T Bills and Other Instruments 26.03 105.22 151.53 242.14 480.66 296.71 336.86 73.07 1.32
e) Investments in Treasury Bills by Foreign Central Banks and International Institutions 6.20 5.34 4.67 2.25 3.26 4.47 5.72 7.14 7.14
f) External Debt Liabilities of (i+ii) 121.18 62.55 63.01 47.04 183.68 237.87 254.56 161.85 213.91
i) Central Bank 44.58 38.92 31.39 6.93 8.71 9.85 8.92 9.39 11.97
ii) Commercial Bank 76.60 23.63 31.62 40.11 174.97 228.02 245.64 152.47 201.95
X. Gross Total Debt 8972.90 11421.25 11786.38 14194.07 18441.67 22247.34 26822.14 29738.65 32230.20
Concessional Debt as % of Total Debt 19.7 18.7 16.8 14.9 13.3 11.1 10.4 8.8 9.0
Short-term Debt as % of Total Debt 20.4 19.3 20.1 20.4 21.7 23.6 20.5 18.0 17.2
Debt Stock- GDP Ratio (%) 18.0 20.3 18.2 18.2 21.1 22.4 23.8 23.8 23.7
Debt Service Ratio (%) 4.8 4.4 5.8 4.4 6.0 5.9 5.9 7.6 8.8
IDBs : India Development Bonds                                              FCCBs : Foreign Currency Convertible Bonds
IFC(W) : International Finance Corporation (Washington)            FC(B&O) : Foreign Currency (Banks & Others) Deposits
Notes : 1. Other concessional multilateral Government borrowing refers to debt outstanding to Institutions like IFAD, OPEC & EEC (SAC).
2. Multilateral non-concessional Government/ public sector/ financial institutions other borrowings refers to debt outstanding against loans from ADB.
3. Securitised commercial borrowings (inclu. IDBs and FCCBs) includes net Investment by 100% Fll debt funds, Resurgent India Bonds (RIBs) and India Millennium Deposits (IMDs).
4. Rupee debt refers to debt owed to Russia denominated in Rupees and converted at current exchange rates, payable in exports.
5. Civilian's rupee debt includes supplier’s credit from end-March 1990 onwards.
6. Short-term debt does not include suppliers’ credit of up to180 days from 1994 till 2004.
7. Multilateral loans do not include revaluation of IBRD pooled loans and exchange rate adjustment under IDA loans for Pre-1971 credits.
8. Debt service ratio from the year 1992-93 includes the revised private transfer contra-entry on account of gold and silver imports.
Source : External Debt Management Unit, Ministry of Finance and Reserve Bank of India.

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