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flag India's external debt rose to $747.2 billion by June 2025, mainly due to rupee depreciation and rising non-government borrowing.

flag 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. flag The debt-to-GDP ratio slightly fell to 18.9%. flag Long-term debt reached $611.7 billion, while short-term debt's share declined to 18.1%. flag Dollar-denominated debt remained largest at 53.8%. flag Non-government debt increased, led by non-financial corporations. flag Loans were the top debt category at 34.8%. flag Debt service payments held steady at 6.6% of current receipts.

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