00:00Foreign debt has increased in India.
00:04The Reserve Bank recently released data in which it was summarized that debt has increased
00:09in India.
00:10However, the relief is that with the increase in the size of India's GDP, the debt-to-GDP
00:15ratio has decreased.
00:16What is the full news and how much foreign debt is in India is understood in the video.
00:23The RBI released this report and said that this figure has increased from $ 39.7 billion
00:30to $ 663.8 billion by the end of March 2024, although despite this increment, 18.7% of
00:38foreign debt has been reduced in the country's GDP.
00:41By the end of March 2023, this share was 19%.
00:46As I told you, at present, the external debt on the country is more than $ 663.9 billion,
00:53which is a little more than the forex reserve.
00:56The country's forex reserve is more than $ 650 billion, while the short-term debt ratio
01:02has also decreased.
01:03That is, despite the increase in the number of loans, the debt burden on the country has
01:09decreased.
01:10The reserve bank has a total of 98% of external debt, which used to be around 91% before.
01:19That is, if you look at it this way, the loan is big, but because our GDP size has increased,
01:24we have a good forex reserve, so the burden of the loan will not be as much on India.
01:30According to RBI, by the end of March 2024, the US dollar was the largest component of
01:37India's foreign debt, with 53.8% share.
01:40That is, whatever foreign debt India has taken, it has mostly taken in US dollars.
01:45After this, Indian Rupee is about 31.5%, Yen's share in the loan is 5.8%, SDR 5.4% and Europe
01:55has a share of about 2.8% in foreign debt.
01:59Apart from this, the loan in foreign debt is the largest component with a share of 33.4%.
02:06After this, Currency and Deposit 23.3%, Trade Credit and Advance 17.9% and Security 17.3%
02:15Reserve Bank has said that if the valuation effect is removed, then the foreign debt will
02:20increase by 48.4 billion dollars instead of 39.7 billion dollars.
02:25In the valuation effect, the value of the asset in the foreign country is seen, as well as
02:30the value of the domestic asset in the foreign investors is also seen.
02:35RBI has said in its statement that due to the weakness of Rupee, Yen, Euro and SDR
02:41the valuation effect is of 8.7 billion dollars.
02:45Due to this, the external debt will increase by 48.4 billion dollars instead of 39.7 billion dollars.
02:52RBI figures show that by March 2024, the general government data has increased by 11.5% annually.
03:00On the other hand, the debt of household and non-profit institutions has fallen by 16.5%.
03:07From the data of the Reserve Bank, it is found that the share of non-financial corporations
03:12in the total foreign debt was 37.4%.
03:16The share of the general government was 22.4%.
03:20This data has been shared by the RBI, which has shown how much external debt India has.
03:26As I told you earlier, the external debt has increased, but the size of the GDP has also increased.
03:33This is why the burden of debt will not be so much.
03:37That's all in the video.
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