INDIA'S EXTERNAL DEBT AS AT THE END OF MARCH 2026

MUMBAI, India, June 29 -- Reserve Bank of India issued the following press release:

The stock of external debt at end-March 2026 as well as revised data for earlier quarters are set out in Statements I (IMF format1) and II (old format). The major developments relating to India's external debt as at end-March 2026 are presented below.

Highlights

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At end-March 2026, India's external debt was placed at US$ 762.8 billion, an increase of US$ 26.3 billion over its level at end-March 2025 (Table 1).

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The external debt to GDP ratio increased to 20.8 per cent at end-March 2026 from 19.8 per cent at end-March 2025.

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Valuation effect due to the appreciation of the US dollar vis-a-vis the Indian rupee and other major currencies amounted ...