ISSN: 2349-5162

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Published in:

Volume 2 Issue 6
June-2015
eISSN: 2349-5162

Unique Identifier

JETIR1701055

Page Number

463-475

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Title

MANAGEMENT OF EXTERNAL DEBT- THE INDIAN EXPERIENCE

ISSN

2349-5162

Cite This Article

"MANAGEMENT OF EXTERNAL DEBT- THE INDIAN EXPERIENCE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.2, Issue 6, page no.463-475, June 2015, Available :http://www.jetir.org/papers/JETIR1701055.pdf

Abstract

Growing external debt problem has been a cause of concern for the government since early 1970s with the oil price hike. Many factors had been responsible for the worsening of debt problem in the subsequent years. Development of basic industry, railways, power and manufacturing industries which compelled public authorities to contract growing amounts of foreign loans and credits. Deficit in balance of payments situation during planning period compelled India to resort to external borrowings leading to increase in external debt. Consequently a number of measures have been taken by the Government to ease the situation, specifically during the decade of 1990s. Although stern efforts have been made by the Government to ease the burden of external debt and the improvement was shown by a number of debt indicators, however, the absolute amount of debt did not show any reverse trend. Present paper attempts to study India's external debt problem and debt management policy in a comprehensive manner.

Key Words

concessional, debt, debt service, debt management

Cite This Article

"MANAGEMENT OF EXTERNAL DEBT- THE INDIAN EXPERIENCE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.2, Issue 6, page no. pp463-475, June 2015, Available at : http://www.jetir.org/papers/JETIR1701055.pdf

Publication Details

Published Paper ID: JETIR1701055
Registration ID: 198676
Published In: Volume 2 | Issue 6 | Year June-2015
DOI (Digital Object Identifier):
Page No: 463-475
ISSN Number: 2349-5162

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Cite This Article

"MANAGEMENT OF EXTERNAL DEBT- THE INDIAN EXPERIENCE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.2, Issue 6, page no. pp463-475, June 2015, Available at : http://www.jetir.org/papers/JETIR1701055.pdf




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