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India's External Debt Soars to $778.2 Billion in June Quarter: RBI Data Reveals
M
Moneycontrol•30-09-2026, 20:47
India's External Debt Soars to $778.2 Billion in June Quarter: RBI Data Reveals
- •India's external debt increased by $15.4 billion, reaching $778.2 billion by the end of June 2026, according to the Reserve Bank of India.
- •The external debt to GDP ratio slightly moderated to 20.8% in June 2026 from 20.9% in March 2026.
- •Excluding valuation gains from a stronger US dollar, the external debt would have risen by $16.4 billion.
- •Long-term debt grew by $11.2 billion to $624.7 billion, while short-term debt's share in total external debt increased to 19.7%.
- •US dollar-denominated debt remains the largest component at 54.8%, with loans constituting the largest share of external debt at 34.3%.
Key Questions Answered
India's total external debt rose by USD 15.4 billion to reach USD 778.2 billion at the end of the June 2026 quarter compared to the previous March quarter, according to Reserve Bank of India data.
The external debt-to-GDP ratio moderated slightly to 20.8 percent at the end of June 2026, down from 20.9 percent recorded on March 31, 2026.
US dollar-denominated debt remained the largest component of India's external debt, making up 54.8 percent at the end of June 2026, followed by debt denominated in the Indian rupee at 29.8 percent.
