India’s external debt stock at end-March 2012 stood at US$ 345.8 billion, increasing by US$ 39.9 billion (13%) over the end-March 2011 level of US$ 305.9 billion.

The rise could be attributed mainly to increase in commercial borrowings, short-term debt, and non-resident Indian deposits.....Read More

Donate to IndiaSpend

Support IndiaSpend’s award-winning investigative journalism.

Your tax-deductible contribution to IndiaSpend will help us, and other publications around the country, reveal critical stories that otherwise wouldn’t be told - stories that make a difference!