How does India's external debt compare to previous years
As per the RBI, India's external debt has risen to $629.1 billion at the end of June 2023. Explore the trend of India's external debt over the years.
- In 2010, India's external debt stood at $315.9 billion.
- From 2010 to 2013, there was a gradual increase in external debt.
- By 2014, India's external debt had reached $440.6 billion, showing a significant rise.
- From 2014 to 2017, there was a relatively steady increase in external debt.
- By 2017, India's external debt had risen to $511.4 billion.
- In 2018, there was a slight decrease in external debt, dropping to $514.4 billion.
- However, in 2019, there was a notable increase, reaching $559.5 billion.
- By 2020, India's external debt had further risen to $558.5 billion.
- In 2021, there was a marginal decrease in external debt, amounting to $548.2 billion.
- As per the latest data available, India's external debt has risen to $629.1 billion at the end of June 2023.
- This indicates a general upward trend with periodic fluctuations in India's external debt over the years.
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