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Informist, Wednesday, Dec. 31, 2025

 

--Govt: India external debt at $746.0 bln as on Sept 30, 19.2% of GDP 
--Govt: India external debt at $746.0 bln as on Sept 30, dn $700 mln on qtr 
--Govt: India external debt at $746.0 bln as on Sept 30, up 4.6% YoY 
 

NEW DELHI – India's external debt rose 4.6% on year to $746.0 billion as on Sept. 30, according to data released by the finance ministry. As percentage of GDP, the external debt rose to 19.2% from 18.9% a quarter ago and 19.0% a year ago. At the end of June, the external debt was $746.7 billion.

 

"Valuation gains due to the appreciation of the US dollar vis--vis the Indian rupee and other major currencies, such as yen amounted to US$ 10.1 billion," the ministry said. "Excluding the valuation effect, the external debt would have increased by US$ 9.3 billion instead of declining by US$ 0.7 billion at end-September 2025 over end-June 2025."

 

Long-term debt, or debt with original maturity of over one year, made up most of India's external debt. At the end of September, long-term external debt was $609.0 billion, up 5.3% on year but down 0.5% on quarter. The share of short-term debt, with original maturity of up to one year, rose to 18.4% at the end of September from 18.0% at the end of June.

 

Short-term debt on a residual maturity basis, overall debt due for maturity over the next 12 months, constituted 41.6% of the total external debt at the end of September. It was 44.4% of foreign exchange reserves, higher than 43.6% at the end of June. 

 

Dollar-denominated debt remained the largest component of India's external debt, accounting for 54.1% of it at the end of September. Rupee debt made up 30.4% and Japanese yen debt 6.5% as of Sept. 30. The share of outstanding debt of non-financial corporations in total external debt was the highest at 36.3%, followed by deposit-taking corporations at 26.5%, excluding the Reserve Bank of India. The general government's share was 22.6% and other financial corporations contributed 9.7% to the total external debt at the end of September.  End

 

US$1 = INR 89.93

 

Reported by Shubham Rana

Edited by Avishek Dutta

 

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