India's debt threat: Rises to historic high in FY11

India's foreign debt level has risen to a historic high in FY11. At the end of FY11, total residual short-term debt stood at nearly 28% of total external debt that's against 25% a year ago. This includes all the debt that has to be paid in the next one year.

September 21, 2011 / 13:50 IST

India's foreign debt level has risen to a historic high in FY11. At the end of FY11, total residual short-term debt stood at nearly 28% of total external debt that's against 25% a year ago, reports CNBC-TV18. This includes all the debt that has to be paid in the next one year.

Total external debt itself stands at USD 305 billion up 17% from year-ago levels. This rise is largely due to a sharp rise in shorter-term trade credit and ECBs.

ECBs went up 25% to USD 88 billion in FY11, while short duration loans rose 24% to USD 65 billion. However, this situation is not alarming. India

first published: Sep 20, 2011 10:29 pm

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