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INDIA'S EXTERNAL DEBT RISES IN SEPT 2006.

AsiaPulse News

| January 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, Jan 1 Asia Pulse - Higher External Commercial Borrowings, NRI (non-resident Indian) deposits and short-term debt pushed up India's external debt by 3.3 per cent to .5 billion in September 2006, compared to the previous quarter.

External debt rose by $US4.3 billion from $US132.2 billion at the end of June 2006, a Indian Finance Ministry statement said.

Long-term debt grew by $US2.8 billion to $US125.9 billion, while short-term debt rose 16.2 per cent over the quarter to .57 billion at the end of September 2006, on account of a higher import bill.

In terms of their share in total debt stock, non-resident deposits accounted for 26.8 per cent of the debt.

This was followed by multilateral debt at 24.6 per cent and commercial ...

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