External Debt in India
India - External DebtThe economy recovered above its pre-pandemic level in FY 2021, which ended in March this year. Turning to the first quarter of FY 2022, GDP growth is likely to speed up considerably. Growth in the industrial sector accelerated in April, suggesting it weathered the disruption to power supply caused by record-breaking temperatures well. Moreover, looser Covid-19 restrictions are boosting domestic demand, helping to push the services PMI to an over 11-year high in May. Demand will also be supported by new measures to combat rising inflation, including cuts to fuel duty, a doubling of the fertilizer subsidy, an export ban on wheat and cuts to import tariffs for some raw materials. That said, inflation remained at a near-decade high in May, which together with higher interest rates will be capping momentum.
India - External Debt Data
|External Debt (% of GDP)||23.1||20.5||19.9||20.1||-|
5 years of economic forecasts for more than 30 economic indicators.
India External Debt Chart
Source: Ministry of Finance and FocusEconomics calculations.
|Bond Yield||6.50||-0.04 %||Jan 01|
|Exchange Rate||71.23||-0.09 %||Jan 01|
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August 5, 2022
On 5 August, the Reserve Bank of India (RBI) decided to increase the repo rate—its main policy instrument—by 50 basis points to 5.40%.
August 3, 2022
The S&P Global Composite Purchasing Managers' Index (PMI) came in at 56.6 in July, down from June's 58.2.
July 14, 2022
Merchandise exports jumped 23.5% year-on-year in June, following May’s 20.6% jump.
July 12, 2022
Consumer prices rose 0.52% over the previous month in June, below May's 0.94% rise.
July 12, 2022
Industrial output expanded 19.6% in year-on-year terms in May, which followed April's 6.7% increase.