INDIA'S EXTERNAL DEBT OUTSTANDING -MARCH 2004

(As at end-March)

Rupees crore

US $ million

Item

2004P

2003R

2002

2004P

2003R

2002

1

2

3

4

5

6

7

I. Multilateral

128,662

142,680

155,633

29,614

29,994

31,899

A. Government borrowing

116,493

129,727

138,023

26,814

27,271

28,290

i) Concessional

98,524

102,559

96,177

22,678

21,559

19,713

a) IDA

97,141

101,122

94,848

22,360

21,257

19,440

b) Others #

1,383

1,437

1,329

318

302

273

ii) Non-concessional

17,969

27,168

41,846

4,136

5,712

8,577

a) IBRD

13,634

19,069

28,012

3,138

4,009

5,742

b) Others ##

4,335

8,099

13,834

998

1,703

2,835

B. Non-Government borrowing

12,169

12,953

17,610

2,800

2,723

3,609

i) Concessional

0

0

0

0

0

0

ii) Non-concessional

12,169

12,953

17,610

2,800

2,723

3,609

a) Public sector

8,897

9,255

12,729

2,048

1,945

2,609

IBRD

5,482

4,378

7,298

1,262

920

1,496

Others ##

3,415

4,877

5,431

786

1,025

1,113

b) Financial institutions

2,814

3,177

3,736

647

668

766

IBRD

427

525

1,049

98

110

215

Others ##

2,387

2,652

2,687

549

558

551

c) Private sector

458

521

1,145

105

110

234

IBRD

258

298

929

59

63

190

Others

200

223

216

46

47

44

II. Bilateral

75,981

79,983

74,762

17,489

16,814

15,323

A. Government borrowing

56,423

60,243

56,302

12,987

12,664

11,540

i) Concessional

56,045

59,688

55,418

12,900

12,547

11,359

ii) Non-concessional

378

555

884

87

117

181

B. Non-Government borrowing

19,558

19,740

18,460

4,502

4,150

3,783

i) Concessional

8,750

8,013

6,885

2,014

1,684

1,411

a) Public sector

5,711

5,152

4,278

1,315

1,083

877

b) Financial institutions

3,039

2,861

2,607

699

601

534

c) Private sector

0

0

0

0

0

0

ii) Non-concessional

10,808

11,727

11,575

2,488

2,466

2,372

a) Public sector

5,273

5,183

4,822

1,214

1,090

988

b) Financial institutions

2,954

3,572

3,708

680

751

760

c) Private sector

2,581

2,972

3,045

594

625

624

III.International Monetary Fund

0

0

0

0

0

0

IV. Trade Credit

19,933

23,649

26,110

4,588

4,974

5,368

a) Buyers' credit

10,961

13,408

16,147

2,523

2,820

3,311

b) Suppliers' credit

4,097

5,051

5,144

943

1,063

1,069

c) Export credit component

4,875

5,190

4,819

1,122

1,091

988

of bilateral credit

d) Export credit for

0

0

0

0

0

0

defence purposes

V. COMMERCIAL BORROWING

96,823

107,165

113,451

22,286

22,540

23,226

a) Commercial bank loans

50,705

47,062

48,682

11,671

9,898

9,962

b) Securitized borrowings $

42,191

57,696

62,258

9,711

12,136

12,757

(including FCCBs)

c) Loans/securitized borrowings, etc.

3,927

2,407

2,511

904

506

507

with multilateral/bilateral

guarantee and IFC(W)

d) Self Liquidating Loans

0

0

0

0

0

0

VI. NRI & FC(B&O) Deposits

(above one-year maturity)

135,422

110,021

83,712

31,171

23,160

17,154

VII. Rupee Debt *

11,770

13,390

14,844

2,709

2,818

3,042

a) Defence

10,492

11,931

13,235

2,415

2,511

2,712

b) Civilian +

1,278

1,459

1,609

294

307

330

VIII.Total Long-term Debt (I to VII)

468,591

476,888

468,512

107,857

100,300

96,012

IX. Short-term Debt

20,577

21,705

13,396

4,736

4,569

2,745

a) NRI deposits (less than 1 year maturity)

1,321

9,320

4,724

304

1,962

968

b) Others (trade related) @

19,256

12,385

8,672

4,432

2,607

1,777

X. GROSS TOTAL

489,168

498,593

481,908

112,593

104,869

98,757

Concessional Debt

As % of Total Debt

35.8

36.8

36.0

35.8

36.8

36.0

Short Term Debt

As % of Total Debt

4.2

4.4

2.8

4.2

4.4

2.8

Memo Items:

Debt Indicators:

1. Debt Stock - GDP Ratio (in per cent)

17.8

20.2

21.1

17.8

20.2

21.1

2.Debt Service Ratio (%) (for fiscal year)

18.3

15.1

13.9

18.3

15.1

13.9

(including debt-servicing on

non-civilian credits)

P Provisional. R Revised.

1. Multilateral loans do not include revaluation of IBRD pooled loans and exchange rate adjustment under IDA loans for Pre-1971 credits.