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India's external debt rose to $747.2 billion by June 2025, mainly due to rupee depreciation and rising non-government borrowing.
India's external debt rose to $747.2 billion by June 2025, up $11.2 billion from the prior quarter, driven by a $5.1 billion valuation loss from rupee depreciation, with underlying debt growth at $6.2 billion.
The debt-to-GDP ratio slightly fell to 18.9%.
Long-term debt reached $611.7 billion, while short-term debt's share declined to 18.1%.
Dollar-denominated debt remained largest at 53.8%.
Non-government debt increased, led by non-financial corporations.
Loans were the top debt category at 34.8%.
Debt service payments held steady at 6.6% of current receipts.
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La deuda externa de la India aumentó a $747.2 mil millones en junio de 2025, principalmente debido a la depreciación de la rupia y al aumento de los préstamos no gubernamentales.