Lok Sabha Question No. 1374 (UNSTARRED), answered on 2018-02-09
Subject: External Loan
Ministry: FINANCE
Asked by: B.V. NAYAK

## 1374.    Shri B.V. Naik :

Will the Minister of  FINANCE be pleased to state:

- (a) the details of the external loan as on date along with India's position among the indebted countries of the world;
- (b) the per capita debt of the external loan at present;
- (c) the details of amount of principal and interest paid to lender countries during the last three years, country, institution and year-wise; and
- (d) the steps taken to lighten the country's loan burden?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PON. RADHAKRISHNAN)

- (a) India's  external  debt  stock  stood  at  US$  495.7  billion  at  quarter  ending  September 2017. India is not among top debtor countries of the world, it stood at 26 th position in quarter ending June 2017.
- (b) The  per  capita  external  debt  stood  at  US$  409.3  (Rs.  26,773)  at  quarter  ending September, 2017.
- (c) The statement showing details of principal and interest paid to lender countries during the last three years is annexed.
- (d) India's  external  debt  has  remained  within  manageable  limits  as  indicated  by  the external  debt  indicators.  The  prudent  external  debt  management  policy  of  the Government of India has helped in containing rise in external debt and maintaining a comfortable external debt position. The policy continues to focus on monitoring long and  short-terms  debt,  raising  sovereign  loans  on  concessional  terms  with  longer maturities, regulating external commercial borrowings and rationalizing interest rates on Non-Resident Indian deposits.

## Government of India Ministry of Finance Department of Economic Affairs

## LOK  SABHA UNSTARRED QUESTION NO. 1374

TO BE ANSWERED ON FEBRUARY 09, 2018 /MAGHA 20, 1939 (SAKA)

## EXTERNAL LOAN

## Statement in reference to reply to part (c) of Lok Sabha Unstarred Question No. 1374 due for reply on 9.2.2018

Principal & Interest paid to Lender Countries during last three years

Country, Institution & Year-wise

(US $ Million)

|    |                                                                                 | 2014-15   | 2014-15   | 2014-15   | 2015-16   | 2015-16   |          | 2016-17   | 2016-17   | 2016-17   |
|----|---------------------------------------------------------------------------------|-----------|-----------|-----------|-----------|-----------|----------|-----------|-----------|-----------|
|    |                                                                                 | Principal | Interest  | Total     | Principal | Interest  | Total    | Principal | Interest  | Total     |
|    | External debt service payments on govt. account under external assistance (A+B) | 3,365.22  | 596.84    | 3,962.06  | 3,556.45  | 583.54    | 4,139.99 | 3,900.47  | 749.45    | 4,649.92  |
| A  | Multilateral (1 to 6)                                                           |           |           |           |           |           |          |           |           |           |
| 1  | ADB                                                                             | 369.29    | 53.57     | 422.86    | 421.64    | 67.22     | 488.86   | 483.76    | 123.41    | 607.17    |
| 2  | EEC (SAC)                                                                       | 1.49      | 0.10      | 1.59      | 1.29      | 0.11      | 1.40     | 1.22      | 0.07      | 1.29      |
| 3  | IBRD                                                                            | 675.71    | 54.49     | 730.20    | 752.31    | 68.99     | 821.30   | 828.27    | 128.60    | 956.87    |
| 4' | IDA                                                                             | 1298.94   | 207.52    | 1506.46   | 1450.51   | 190.85    | 1641.36  | 1,574.48  | 215.59    | 1790.07   |
| 5  | IFAD                                                                            | 12.82     | 3.03      | 15.85     | 12.03     | 3.00      | 15.03    | 13.75     | 3.16      | 16.91     |
| 6  | OPEC                                                                            | 3.00      | 0.50      | 3.50      | 2.63      | 0.56      | 3.19     | 1.81      | 0.60      | 2.41      |
|    | Total                                                                           | 2361.25   | 319.21    | 2680.46   | 2640.41   | 330.73    | 2971.14  | 2903.29   | 471.43    | 3374.72   |
| B  | Bilateral (7 to 12)                                                             |           |           |           |           |           |          |           |           |           |
| 7  | Germany                                                                         | 192.61    | 30.12     | 222.73    | 170.17    | 23.56     | 193.73   | 165.45    | 24.22     | 189.67    |
| 8  | France                                                                          | 38.49     | 6.90      | 45.39     | 17.20     | 5.75      | 22.95    | 16.82     | 5.47      | 22.29     |
| 9  | Japan                                                                           | 605.63.   | 198.07    | 803.70    | 585.89    | 187.77    | 773.66   | 675.40    | 216.59    | 891.99    |
| 10 | Russian Fed.                                                                    | 137.36    | 35.38     | 172.74    | 112.29    | 29.49     | 141.78   | 112.29    | 26.43     | 138.72    |
| 11 | Switzerland                                                                     | 0.77      | 0.08      | 0.85      | 0.72      | 0.04      | 0.76     | 0.29      | 0.01      | 0.30      |
| 12 | USA                                                                             | 29.11     | 7.08      | 36.19     | 29.77     | 6.20      | 35.97    | 26.93     | 5.30      | 32.23     |
|    | Total                                                                           | 1003.97   | 277.63    | 1281.60   | 916.04    | 252.81    | 1168.85  | 997.18    | 278.02    | 1275.20   |

Note: Various Loan Currrencies has been converted to USD adopting RBI reference selling rate for Government transcations. Source : O/o Controller of Aid, Accounts & Audit (CAAA)