Mumbai (Maharashtra) [India], June 30 (ANI): India’s exterior debt rose to USD 762.8 billion on the finish of March 2026, with the rise largely pushed by increased borrowings from the personal sector even because the excellent debt of the final authorities declined, in line with knowledge launched by the Reserve Bank of India (RBI).
The RBI knowledge confirmed that India’s exterior debt elevated by USD 26.3 billion over its stage on the finish of March 2025.
According to the central financial institution, excellent debt of the final authorities decreased in the course of the yr, whereas non-government debt registered a rise, indicating that the rise in exterior borrowings was primarily pushed by corporates, banks and different monetary establishments.
It said ‘Outstanding debt of the final authorities decreased, whereas non-government debt elevated at end-March 2026 over the extent a yr in the past’
The knowledge confirmed that non-financial companies accounted for the biggest share of India’s exterior debt at 36.4 per cent on the finish of March 2026.
Deposit-taking companies, excluding the central financial institution, accounted for 26.5 per cent of whole exterior debt, adopted by the final authorities at 22.0 per cent and different monetary companies at 10.2 per cent.
The RBI knowledge additionally confirmed that India’s exterior debt-to-GDP ratio elevated to twenty.8 per cent on the finish of March 2026 from 19.8 per cent a yr earlier.
The central financial institution famous that valuation results arising from the appreciation of the US dollar towards the Indian rupee and different main currencies amounted to USD 24.6 billion.
Excluding this valuation impact, India’s exterior debt would have elevated by USD 51.0 billion as a substitute of USD 26.3 billion in the course of the yr.
Long-term debt, with an authentic maturity of a couple of yr, stood at USD 613.5 billion on the finish of March 2026, recording a rise of USD 11.6 billion from a yr in the past.
Meanwhile, the share of short-term debt in whole exterior debt elevated to 19.6 per cent from 18.3 per cent a yr earlier. The ratio of short-term debt to international change reserves additionally rose to 21.6 per cent from 20.1 per cent.
The RBI knowledge confirmed that debt denominated in US {dollars} remained the biggest part of India’s exterior debt, accounting for 55.5 per cent of the full.
This was adopted by debt denominated in Indian rupees at 29.4 per cent, Japanese yen at 6.4 per cent, Special Drawing Rights (SDR) at 4.3 per cent and euro at 3.7 per cent.
In phrases of composition, loans remained the biggest part of exterior debt with a share of 34.7 per cent, adopted by forex and deposits at 22.3 per cent, commerce credit score and advances at 19.0 per cent and debt securities at 16.1 per cent. (ANI)