Current Affairs-Indian Economic Survey-2013-14-Long-term Borrowings Account for 78.2 per cent of Total External Debt

Long-term Borrowings Account for 78.2 per cent of Total External Debt

The Economic Survey 2013-14, presented today on 9^th July 2014 in the Lok Sabha by the Union Finance Minister Shri Arun Jaitley, has noted that the maturity profile of India’s external debt indicates dominance of long-term borrowings. The long-term external debt accounted for 78.2 per cent of total external debt at end-December 2013 vis-à-vis 76.1 per cent at end-March 2013. The long-term debt at end - December 2013 increased by US $ 25.1 billion (8.1 per cent) over the level at end-March 2013 while short-term debt declined by US $ 4.0 billion (4.1 per cent), reflecting a fall in the levels of imports.