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) 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.
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.
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