India's external debt rises by 8.2 pc to over USD 620 bn till March 2022

India's external debt grew by 8.2 percent to over 620 billion US dollar at the end of March this year. Finance Ministry's Department of Economic Affairs has released the 28th edition of the Status Report on India's External Debt 2021-22.  According to it, India's external debt was over 573 billion dollar at the end of March, last year. Commercial borrowings, Non-resident Indians (NRIs) deposits, short-term trade credit and multilateral loans together accounted...