Question
According to the data of Finance Ministry the foreign debt of India in March 2013 was–
Answer: Option A
Answer: (a)
India’s external debt, as of end-March 2013, was placed at US$ 390.0 billion showing an increase of USD 44.6 billion or 12.9 per cent over the level at end-March 2012.
The increase in total external debt during financial year 2012-13 was primarily on account of rise in short-term trade credit.
There has been sizeable rise in external commercial borrowings (ECBs) and rupee denominated Nonresident Indian deposits as well.
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Answer: (a)
India’s external debt, as of end-March 2013, was placed at US$ 390.0 billion showing an increase of USD 44.6 billion or 12.9 per cent over the level at end-March 2012.
The increase in total external debt during financial year 2012-13 was primarily on account of rise in short-term trade credit.
There has been sizeable rise in external commercial borrowings (ECBs) and rupee denominated Nonresident Indian deposits as well.
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