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The Reserve bank of India (RBI) Thursday released the external debt data of India which rose marginally to USD 629.1 billion at June-end 2023, although the debt-GDP ratio declined to 18.6%.
Foreign currency reserves as a ratio to external debt stood slightly lower at 97.8 per cent as of end-March 2022 than 100.6 per cent a year ago.
Of $620.7 billion, $490 billion is non-government and the share of government is only $130.8 billion, said experts.