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At end-June 2024, India’s external debt was placed at US$682 billion which is record high. The external debt to GDP ratio declined to 18.8 per cent at end-June 2024 from 21.2 per cent at end-March 2021. [1] The foreign currency reserves is at US$652.9 billion as on 13 December 2024.
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
The 2024 Union Budget of India [1] (ISO: 2024 Ke liye Bhārat Kā Saṅghīya Bajaṭ) was presented by Finance Minister, Nirmala Sitharaman on 23 July 2024. This was the first budget of Narendra Modi led NDA government 's third term .
Net interest payments on the national debt exceeded $892 billion in the 2024 fiscal year. The IMF projects that by 2034, annual interest payments in the U.S. will hit $1.7 trillion and cumulative ...
In this article we are going to talk about most indebted countries in the world. Click to skip our discussion and jump to the 20 countries with the most debt per capita and the highest debt to GDP ...
In 2018, global government debt reached the equivalent of $66 trillion, or about 80% of global GDP, [18] and by 2020, global government debt reached $87US trillion, or 99% of global GDP. [6] The COVID-19 pandemic caused public debt to soar in 2020, particularly in advanced economies that put in place sweeping fiscal measures.
The public debt per citizen accumulated because of Union of India is approximately Rs. 32371.61 for total external debt of India of about $570 billion for a population of 130 crores (1.3 billion) of all states and union territories in year 2021. The economy of Andhra Pradesh [65] badly hit due to coronavirus. For the first quarter of current ...