📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      According to the 28th edition of the Status Report on

      India's External Debt 2021-22 India's external debt grew by 8.2 % over US$ 573.7 billion as at end-March 2021 to what amount as at end-March 2022?
      A US$ 520.7 billion Correct Answer Incorrect Answer
      B US$ 620.7 billion Correct Answer Incorrect Answer
      C US$ 320.7 billion Correct Answer Incorrect Answer
      D US$ 720.7 billion Correct Answer Incorrect Answer
      E US$ 120.7 billion Correct Answer Incorrect Answer

      Solution

      External Debt Management Unit (EDMU) in the Department of economic Affairs, Ministry of Finance, has released 28th edition of the Status Report on Indiarsquo;s External Debt 2021-22. Indiarsquo;s external debt, at US$ 620.7 billion as at end-March 2022, grew by 8.2 % over US$ 573.7 billon as at end-March 2021. External debt as a ratio to GDP fell marginally to 19.9 % as at end-March 2022 from 21.2 % a year ago. Foreign currency reserves as a ratio to external debt stood slightly lower at 97.8 % as at end-March 2022 than 100.6 % a year ago. The long-term debt, estimated at US$ 499.1 billion, constituted the largest chunk of 80.4 %, while the short-term debt, at US$ 121.7 billion, accounted for 19.6 % of the total. As at end-March 2022, sovereign external debt (SED) amounted to US$ 130.7 billion, increasing by 17.1 % over the level a year ago, reflecting the additional allocation of SDRs by the IMF during 2021-22. The debt service ratio fell to 5.2 % during 2021-22 from 8.2 % during 2020-21 due to buoyancy in current receipts and a decline in debt service payments. Learn Along: IMF Headquarters: Washington, United States MD: Kristalina Georgieva

      Practice Next
      ask-question