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Date : Jan 19, 2001

Table 141 : India’s External Debt

(As at the end of March)

											(US $ million)
Item			1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000P
1			2	3	4	5	6	7	8	9	10	11	12
I.	MULTILATERAL		19164	20900	23090	25008	26263	28542	28616	29218	29553	30534	31317

A.	Government borrowing		18399	19887	21651	23247	24158	26127	26059	26369	26344	26967	27447
	i)	Concessional	12672	13377	14320	15503	16044	17777	17576	17636	17836	18596	18997
		a) IDA	12261	13052	13974	15169	15721	17438	17263	17337	17541	18301	18705
		b) Others	411	325	346	334	323	339	313	299	295	295	292
	ii)	Non-concessional	5727	6510	7331	7744	8114	8350	8483	8733	8508	8371	8450
		a) IBRD	5690	6293	6796	6947	7203	7136	6938	6772	6430	6062	5943
		b) Others	37	217	535	797	911	1214	1545	1961	2078	2309	2507

B.	Non-Government borrowing		765	1013	1439	1761	2105	2415	2557	2849	3209	3567	3870
	i)	Concessional	0	0	0	0	0	0	0	0	0	0	0
	ii)	Non-concessional	765	1013	1439	1761	2105	2415	2557	2849	3209	3567	3870
		a) Public sector	92	157	458	572	891	1033	1353	1318	2216	2523	2797
		IBRD	92	157	308	418	690	640	860	929	1319	1495	1592
		Others	0	0	150	154	201	393	493	389	897	1028	1205
		b) Financial institutions	465	657	754	928	869	813	721	665	550	641	711
		IBRD	292	451	553	576	533	510	481	450	256	249	229
		Others	173	206	201	352	336	303	240	215	294	392	482
		c) Private sector	208	199	227	261	345	569	483	866	443	403	362
		IBRD	184	171	202	228	305	512	364	456	334	309	269
		Others	24	28	25	33	40	57	119	410	109	94	93

II.	BILATERAL		13564	14168	15466	16154	17450	20270	19213	17494	16969	17498	18056

A.	Government borrowing		11489	11936	13099	13578	14519	16841	15535	13652	12998	13447	13943
	i)	Concessional	11489	11936	13099	13578	14519	16841	15232	13394	12786	13286	13590
	ii)	Non-concessional	0	0	0	0	0	0	303	258	212	161	353

B.	Non-Government borrowing		2075	2232	2367	2576	2931	3429	3678	3842	3971	4051	4113
	i)	Concessional	261	266	348	400	465	603	903	948	448	645	924
		a) Public sector	4	0	0	0	61	208	110	293	49	124	342
		b) Financial institutions	255	266	348	400	404	395	793	655	399	521	582
		c) Private sector	3	0	0	0	0	0	0	0	0	0	0
	ii)	Non-concessional	1814	1966	2019	2176	2466	2826	2775	2894	3523	3406	3189
		a) Public sector	1507	1530	1432	1513	1745	1943	1631	1453	1358	1223	1053
		b) Financial institutions	158	273	396	503	547	598	639	678	1067	1028	942
		c) Private sector	149	163	191	160	174	285	505	763	1098	1155	1194

III.	INTERNATIONAL
	MONETARY FUND		1493	2623	3451	4799	5040	4300	2374	1313	664	287	26

IV.	TRADE CREDIT		4655	4301	3990	4322	5203	6629	5376	5861	6526	6789	6652
	a)	Buyers’ credit	1096	1154	1142	1277	1745	1977	2101	3116	3908	4265	4171
	b)	Suppliers’ credit	555	483	442	656	1316	2042	1567	1335	1380	1304	1280
	c)	Export credit component	790	719	791	1181	1263	1464	1325	1165	1112	1155	1182
		of bilateral credit
	d)	Export credit for	2214	1945	1615	1208	879	1146	383	245	126	65	19
		defence purposes

V.	COMMERCIAL BORROWING		9335	10209	11715	11643	12363	12991	13873	14335	16986	21096	19373
	a)	Commercial bank loans	6687	6831	6704	6453	5959	5837	6731	8349	9981	10343	9951
	b)	Securitized borrowings	2468	3022	4512	4479	5278	5377	5751	4825	6022	9889	8654
		(inclu. IDBs and FCCBs) $
	c)	Loans/securitized	180	356	484	674	775	952	888	981	874	809	742
		borrowings, etc.
		with multilateral/bilateral
		guarantee and IFC(W)
	d)	Self Liquidating Loans	0	0	15	37	351	825	503	180	109	55	26

VI.	NRI & FC(B&O) Deposits		9124	10209	10083	11141	12665	12383	11011	11012	11913	12344	14582
	(above one-year maturity)
	a)	NRI deposits	9124	10114	9833	10876	12665	12383	11011	11012	11913	12344	14582
	b)	FC(B&O) deposits	0	95	250	265	0	0	0	0	0	0	0

VII.	Rupee Debt *		11021	12847	10420	10616	10084	9624	8233	7511	5874	4731	4386
	a)	Defence	9972	11645	9222	9661	9160	8763	7488	6847	5311	4243	3947
	b)	Civilian +	1049	1202	1198	955	924	861	745	664	563	488	439

VIII.	TOTAL LONG-TERM DEBT		68356	75257	78215	83683	89068	94739	88696	86744	88485	93279	94392
	(I to VII)

IX.	SHORT-TERM DEBT		7501	8544	7070	6340	3627	4269	5034	6726	5046	4387	4043
	a)	NRI deposits	3244	3577	2486	2603	1300	2278	2883	3773	2192	2199	1479
		(up to 1 year maturity)
	b)	FC(B&O)D	0	167	357	779	533	0	0	0	0	0	0
		(up to 1 year maturity)
	c)	Others (trade related) **	4257	4800	4227	2958	1794	1991	2151	2953	2854	2188	2564
		of which short-term debt	2004	2533	1517	1793	1794	1991	2151	2953	2854	2188	2564
		of 6 months

X.	GROSS TOTAL		75857	83801	85285	90023	92695	99008	93730	93470	93531	97666	98435
Concessional Debt			35443	38426	38187	40097	41112	44845	41944	39489	36944	37258	37897
	As % of Total Debt		46.7	45.9	44.8	44.5	44.4	45.3	44.7	42.2	39.5	38.2	38.5

ShortTerm Debt			7501	8544	7070	6340	3627	4269	5034	6726	5046	4387	4043
	As % of Total Debt		9.9	10.2	8.3	7.0	3.9	4.3	5.4	7.2	5.4	4.5	4.1

Debt Indicators:
	Debt Stock - GDP Ratio		26.7	28.7	38.7	37.6	33.8	30.9	27.1	24.7	24.4	23.5	22.0
	(in per cent)
	Debt Service Ratio(%)		30.9	35.3	30.2	27.5	25.6	26.2	24.3	21.2	19.0	18.0	16.0
	(For fiscal year)
	(Including debt servicing
	on non-civilian credits)

P	Provisional.
$	Includes net Investment by 100% FII debt funds.
*	Debt owed to Russia denominated in Rupees and converted at current exchange rates,payable in exports.
+	Includes Rupee suppliers’ credit from end-March 1990 onwards.
**	This does not include suppliers’ credit of up to 180 days.
Note :	Multilateral loans do not include revaluation of IBRD pooled loans and exchange rate adjustment under IDA loans for Pre-1971 credits.
	Debt-service ratio from the year 1992-93 includes the revised private transfer contra-entry on account of gold and silver imports.