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July to September Current Affairs - 2020
According to the Reserve Bank of India data, what is India's external debt in March 2020?
A)
$858.5 billion
B)
$758.5 billion
C)
$658.5 billion
D)
$558.5 billion

Correct Answer :   $558.5 billion


In accordance with the Reserve Bank of India data, India's external debt stood at $558.5 billion in March 2020, an increase of $15.4 billion or 2.8% as compared to the March 2019. The largest component of the external debt is Commercial borrowings with a share of 39.4%, followed by non-resident deposits at 23.4% and short-term trade credit at 18.2%.

Published On : July 18, 2021
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