India's external debt up at $230 bn
India's external debt rose 2.4
per cent or $5.3 billion to $229.9 billion for the fiscal ended March 31, the
Reserve Bank of India (RBI)Â said.
India, which has an external debt
equivalent to 22 per cent of its gross domestic product, was already the fifth
most indebted country in the world in 2007, the central bank said in a
statement.Â
The current account - which includes components
like external trade deficit and remittances from overseas - had a deficit of
$29.82 billion for last fiscal, compared to a deficit of $17.03 billion in the
previous period. The capital account - which comprises items like foreign
investment, external loans and foreign assistance - had a surplus of $9.15
billion for 2008-09 compared to a surplus of $107.94 billion in the year-ago
period.Â
Disclaimer
Messages posted on this Web site under the `Comments' area are solely the opinions of those who have posted them and do not necessarily reflect the opinions of Infoconnect Web Technologies India Pvt Ltd or its site www.siliconindia.com. Gossip, mud slinging and malicious attacks on individuals and organizations are strictly prohibited. Infoconnect Web Technologies India Pvt Ltd can not be held responsible for errors or omissions in content, nor for the authenticity of the user/company name or email addresses associated with posted messages. Infoconnect Web Technologies India Pvt Ltd reserves the right to edit or remove messages containing inappropriate language or any other material that could be construed as libelous, potentially libelous, or otherwise offensive or inappropriate.Infoconnect Web Technologies India Pvt Ltd do not endorse the products and services or any other offerings mentioned in these messages.
Rohit Kumar's latest postings
Yahoo! has closed GeoCities, a free Web hosting service that it
purchased for over three billion dollars at the height of the dot-c
...more >>
Households make the
biggest contribution, Urban households headed by 25 year olds save almost 30%
of their disposable income, as do those
...more >>
The food sector has a huge potential and the industry's growth would reach $320-billion by 2020Â .The food processing industry will grow 30-
...more >>
Credit card spending in the country has slumped by more than 12 per cent in the first five months of this fiscal to nearly Rs 24,427 Crore.
...more >>
Blogs archive
More Finance blogs
Setting: One of the purposes of any
business is to make money. And...more >>
Gold Today
The information offered below is
intended to generate glo...more >>
Fuel prices are getting dearer by the
day but are we getting
every dr...more >>
For most small investors with only a few
lakhs to spare, investing
i...more >>
CXO Insights
Souma Das
Area Vice
President
- India
Sub
Continent,
Citrix
Systems
India
Narayana Murthy
Chairman &
Chief
Mentor,
Infosys
Technologi
es.
