India's external debt as of September at US$365 bil., up 5.8% from March

The rise in external debt is largely due to higher Nonresident Indians (NRI) deposits, short-term debt and commercial borrowings, according to official data released yesterday.

The long-term debt was US$280.8 billion at the end of September 2012, showing an increase of 5.1 percent compared to the level at the end of March 2012, while short-term debt increased by 8.1 percent to US$84.5 billion.

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