India’s external debt jumped 30.3 percent to USD 221.2 billion at the end of March, due mainly to the weakening of the American dollar, the finance ministry said Thursday.
At the same time, the foreign exchange reserve cover for the country’s external debt continued to be high, up from 117.4 percent during 2006-07 to 140 percent during the next fiscal, the statement by the finance ministry said.
Here is some more interesting data …
Top Debtors
Top Creditors
Account Balance
source:: http://financialranks.com/?p=33
Here is some more interesting data …
So does that mean that China is the richest country??
So does that mean that China is the richest country??
Nope, It means China has got to re-pay $450 Bn to the other countries from which it has borrowed for developement or military or aid purposes. Also, FDI (Foreign Direct Investment) constitues a major portion and it shows China has attracted a lot of investment in the last 2 decades to make up such a mamoth figure.
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