India’s external debt position comfortable – government

NEW DELHI (Reuters) – India’s overall external debt to GDP ratio fell to 18.9% at the end of March 2023 from 20% in March 2022, the federal government said on Wednesday.

The country’s external debt position was comfortable and stood at $624.7 billion at the end of March this year, according to the government’s external debt report, which was released on Wednesday.

(Reporting by Aftab Ahmed and Sarita Singh; Writing by Shilpa Jamkhandikar; Editing by Alison Williams)