Question
During the period between end-December 2022 and
end-March 2023, India’ss external debt decreased by US$ 6.0 billion, which was a decline of how much percent?Solution
During the period between end-December 2022 and end-March 2023, India’ss external debt decreased by US$ 6.0 billion, which was a decline of 1.0% of the total. As a ratio to GDP, the external debt decreased from 20.0% to 19.1%. India’s external debt, when compared to other emerging market peers, remained lower.
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