CURRENT AFFAIRS

Detailed explanation-1: -However, external debt as a ratio to GDP came down to 19.9 percent in March-end 2022 from 21.2 percent during the same period in 2021.

Detailed explanation-2: -The external debt to GDP ratio stood at 19.2 per cent as at end-September 2022 as compared to 19.3 per cent at end-June. “At end-September 2022, India’s external debt was placed at USD 610.5 billion, recording a decrease of USD 2.3 billion over its level at end-June 2022, ” it said.

Detailed explanation-3: -At end-March 2022, India’s external debt was placed at US$ 620.7 billion, recording an increase of US$ 47.1 billion over its level at end-March 2021 India’s external debt was US$570 billion at the end of March 2021. It recorded an increase of US$11.6 billion over its level at end of March 2020.

Detailed explanation-4: -In 2020, the national debt of the United States was at around 134.24 percent of the gross domestic product.

Detailed explanation-5: -India external debt for 2020 was $564, 179, 014, 212, a 0.59% increase from 2019. India external debt for 2019 was $560, 870, 595, 483, a 7.65% increase from 2018. India external debt for 2018 was $521, 030, 395, 277, a 1.87% increase from 2017. India external debt for 2017 was $511, 472, 593, 374, a 12.29% increase from 2016.