Annual Report

(As at the end of March)

Item

Rupees crore

US $ million

2000P

1999

1998

2000P

1999

1998

1

2

3

4

5

6

7

I.

Multilateral

1,36,584

1,29,674

1,16,904

31,317

30,534

29,553

A.

Government borrowing

1,19,722

1,14,531

1,04,218

27,447

26,967

26,344

i)

Concessional

82,864

78,979

70,560

18,997

18,596

17,836

a)

IDA

81,590

77,725

69,392

18,705

18,301

17,541

b)

Others

1,274

1,254

1,168

292

295

295

ii)

Non-concessional

36,858

35,552

33,658

8,450

8,371

8,508

a)

IBRD

25,924

25,747

25,438

5,943

6,062

6,430

b)

Others

10,934

9,805

8,220

2,507

2,309

2,078

B.

Non-Government borrowing

16,862

15,143

12,686

3,870

3,567

3,209

i)

Concessional

0

0

0

0

0

0

ii)

Non-concessional

16,862

15,143

12,686

3,870

3,567

3,209

a)

Public sector

12,184

10,711

8,765

2,797

2,523

2,216

IBRD

6,933

6,349

5,217

1,592

1,495

1,319

Others

5,251

4,362

3,548

1,205

1,028

897

b)

Financial institutions

3,101

2,720

2,171

711

641

550

IBRD

999

1,057

1,011

229

249

256

Others

2,102

1,663

1,160

482

392

294

c)

Private sector

1,578

1,711

1,750

362

403

443

IBRD

1,172

1,312

1,321

269

309

334

Others

406

399

429

93

94

109

II.

Bilateral

78,749

74,297

67,104

18,056

17,498

16,969

A.

Government borrowing

60,819

57,106

51,420

13,943

13,447

12,998

i)

Concessional

59,280

56,425

50,583

13,590

13,286

12,786

ii)

Non-concessional

1,539

681

837

353

161

212

B.

Non-Government borrowing

17,930

17,191

15,684

4,113

4,051

3,971

i)

Concessional

4,025

2,738

1,770

924

645

448

a)

Public sector

1,489

526

192

342

124

49

b)

Financial institutions

2,536

2,212

1,578

582

521

399

c)

Private sector

0

0

0

0

0

0

ii)

Non-concessional

13,905

14,453

13,914

3,189

3,406

3,523

a)

Public sector

4,590

5,190

5,360

1,053

1,223

1,358

b)

Financial institutions

4,108

4,362

4,216

942

1,028

1,067

c)

Private sector

5,206

4,901

4,338

1,194

1,155

1,098

III.

International Monetary Fund

113

1,218

2,622

26

287

664

IV.

Trade Credit

29,006

28,809

25,783

6,652

6,789

6,526

a)

Buyers' Credit

18,188

18,099

15,433

4,171

4,265

3,908

b)

Suppliers' Credit

5,581

5,534

5,453

1,280

1,304

1,380

c)

Export credit component of

bilateral credit

5,154

4,901

4,399

1,182

1,155

1,112

d)

Export credit for defence purposes

83

276

498

19

65

126

V.

Commercial Borrowing

84,476

89,521

67,086

19,373

21,096

16,986

a)

Commercial bank loans

43,391

43,891

39,419

9,951

10,343

9,981

b)

Securitised borrowings

(incl. IDBs and FCCBs) $

37,736

41,964

23,786

8,654

9,889

6,022

c)

Loans/securitised borrowings,

3,235

3,433

3,451

742

809

874

etc. with multilateral/bilateral

guarantee and IFC(W)

d)

Self-liquidating loans

113

233

430

26

55

109

VI.

NRI & FC(B&O) Deposits

(above one year maturity)

63,585

52,382

47,050

14,582

12,344

11,913

VII.

Rupee Debt *

19,128

20,078

23,204

4,386

4,731

5,874

a)

Defence

17,211

18,005

20,976

3,947

4,243

5,311

b)

Civilian +

1,917

2,073

2,228

439

488

563

VIII.

Total long-term debt (I to VII)

4,11,641

3,95,979

3,49,753

94,392

93,279

88,485

IX.

Short-term debt

17,630

18,616

19,929

4,043

4,387

5,046

a)

NRI deposits

(up to 1 year maturity)

6,449

9,331

8,657

1,479

2,199

2,192

b)

Others (trade related) **

11,180

9,285

11,272

2,564

2,188

2,854

X.

Gross Total

4,29,271

4,14,595

369,682

98,435

97,666

93,531

a)

Concessional Debt

1,65,297

1,58,220

1,46,117

37,897

37,258

36,944

b)

Concessional Debt as % of

Total Debt

38.5

38.2

39.5

38.5

38.2

39.5

c)

Short-term Debt

17,630

18,616

19,929

4,043

4,387

5,046

d)

Short-term Debt as % of

Total Debt

4.1

4.5

5.4

4.1

4.5

5.4

Memo Items :

Debt Indicators :

1.

Debt Stock - GDP Ratio

(in per cent)

22.0

23.5

24.4

22.0

23.5

24.4

2.

Debt-Service Ratio (%)

(for fiscal year) (including debt

16.0

18.0

19.0

16.0

18.0

19.0

servicing on non-civilian credits)

P

Provisional.

$

Includes net investment by 100 per cent 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 supplier's credit of up to 180 days for which no estimates are available.

Note:

1.

Multilateral loans do not include revaluation of IBRD pooled loans and exchange rate adjustment under IDA loans for pre-1971 credits.

2.

Debt-service ratio from the year 1992-93 includes the revised private transfer contra-entry on account of gold and silver imports.