• Dr. S. Grahalakshmi

This study has been undertaken to analyse the various components of India’s External Debt and its Indicators. External Debt means the portion of a country's debt that was borrowed from foreign lenders including commercial banks, governments or international financial institutions in the form of External Assistance, External Commercial Borrowings, Non-resident Deposits, Rupee Debt and Short-term credit. India has been able to manage its external debt situation despite serious crises hitting our economy. India's external debt always remains within the manageable limits and the steady improvement in India's external indebtedness position has been due to prudent external debt management policy followed by the Government, raising sovereign loans on concessional terms with longer maturities, regulating external commercial borrowings through end-use, and rationalising interest rates on non-resident Indian (NRI) deposits. Nowadays careful management of external debt allowed India not to be wholly influenced by the conditionalities imposed by the multilateral funding agencies and to retain policy-making sovereignty. Analysis of External Debt Indicators shows the growth of the Indian economy as well as the less reliance on external debt, the rise in the short-term debt over these years, the relative greater capacity of India’s export earnings to pay off the debt outstanding and the clear decline in the concessional aids received by India through multilateral and bilateral sources.

External Debt, Indicators, External Assistance, External Commercial Borrowings, NRI Deposits

"An Empirical Analysis of India's External Debt and its Indicators", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 1, page no.176-183, January-2019, Available :http://www.jetir.org/papers/JETIR1901524.pdf

"An Empirical Analysis of India's External Debt and its Indicators", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 1, page no. pp176-183, January-2019, Available at : http://www.jetir.org/papers/JETIR1901524.pdf