Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.18)

18. 

According to the Reserve Bank of India data, what is India's external debt in March 2020?

[A]. $558.5 billion
[B]. $658.5 billion
[C]. $758.5 billion
[D]. $858.5 billion

Answer: Option A

Explanation:

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%.

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