India’s external debt

NEW DELHI: India’s external debt was at $483.2 billion at September-end, down $291 million from June-end, the finance ministry said in a release on Thursday. Long-term debt accounted for 82.2 per cent of the total external debt. India’s forex reserves were sufficient to cover 72.5 per cent to the total debt at September-end compared with 71.9 per cent at March-end. The ratio of short term external debt to foreign exchange reserves was 24.6 per cent against 25 per cent at March-end.