News > India's external debt rises to $663.8 bn; debt to GDP ratio falls: RBI

India's external debt rises to $663.8 bn; debt to GDP ratio falls: RBI

India’s external debt at end-March 202 increased by $39.7 billion over its level at end-March 2023, according to data released by the Reserve Bank of India (RBI). The external debt to GDP ratio declined to 18.7 per cent at end-March 2024 from 19.0 per cent at end-March 2023, the RBI said. The Central Bank said that if the valuation effect were excluded, external debt would have increased by $48.4 billion instead of $ 39.7 billion.