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What is the total amount India owed to its international creditors in 2021?
- $496 billion
- $615 billion
- $756 billion
- $1.1 trillion
India owed $615 to its foreign creditors as of Dec'21
What is the ratio of India's external debt to its GDP?
- 18.8%
- 20.0%
- 22.3%
- 24.7%
India's foreign debt was equivalent to 20% of its GDP in 2021
How much did India pay towards servicing its foreign debt in 2021?
- $12 billion
- $32.2 billion
- $41.2 billion
- $49.4 billion
What percentage of debt servicing was towards interest payments only in 2021?
- 21.4%
- 26.7%
- 31.2%
- 39.8%
31.2% of the total payments made as of Mar'21 was adjusted as interest towards the overall debt
What was the debt service ratio in 2021?
- 1.1%
- 3.7%
- 6.6%
- 8.2%
India paid 8.2% of its export earnings in servicing its foreign debt in Dec'21
What was the ratio of foreign exchange reserves to total debt in 2021?
- 73%
- 91%
- 103%
- 134%
India's forex reserves were 103% of its external debt as of Dec'21
What percentage of India's foreign debt is in the Indian rupee?
- 33.3%
- 45.7%
- 51.5%
- 56.6%
52% of the foreign debt is in US Dollar while only 32% is in local currency
What was the increase in external debt due to depreciation of the rupee in 2021?
- $1.4 billion
- $6.8 billion
- $7.1 billion
- $10.2 billion
Appreciation of the dollar resulted in the increase in foreign debt by $6.8 billion in Mar'21
What is the largest component of India's external debt?
- Commercial borrowings
- Non-resident deposits
- Short-term trade credit
- Long-term trade credit
Commercial borrowings (36.8%), non-resident deposits (23.1%), and short-term trade credit (18%).
India's foreign debt in 2021 in comparison to 2014 has increased by …
- 25%
- 38%
- 42%
- 55%
India owed $446 billion to its foreign creditors in 2014 in comparison to $615 billion in Dec'21
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