Question
Consider the following regarding India’s external debt:
Select the correct answer using the code given below:
- It is around 20% of GDP
- Sovereign Debt is less than 5% of GDP
- External Commercial Borrowings (ECB) has the highest share in India’s external debt
Select the correct answer using the code given below:
Answer: Option D
Answer: (d)
As of June 2019, India’s external debt to GDP ratio stood at approximately 20%. And out of it, Sovereign debt (Govt. of India’s external debt) was around 3.5%.
Total India’s External Debt as of the end of June 2019 stood at $557 billion (20% of GDP) and out of it around more than 200 billion USD was external commercial borrowing (ECB).
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Answer: (d)
As of June 2019, India’s external debt to GDP ratio stood at approximately 20%. And out of it, Sovereign debt (Govt. of India’s external debt) was around 3.5%.
Total India’s External Debt as of the end of June 2019 stood at $557 billion (20% of GDP) and out of it around more than 200 billion USD was external commercial borrowing (ECB).
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