India’s External Debt in 2024:
Published on: April 7, 2025
- Rise in External Debt: India’s external debt rose by 10.7%, reaching USD 717.9 billion in December 2024, up from USD 648.7 billion in December 2023.
- Debt-to-GDP Ratio: The external debt-to-GDP ratio stood at 19.1% at the end of December 2024, slightly up from 19% in September 2024.
- Currency Composition: US dollar-denominated debt formed the largest portion at 54.8% of the total external debt.
- Other Major Currencies: The remaining composition included Indian Rupee (30.6%), Japanese Yen (6.1%), SDR (4.7%), and Euro (3%).
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