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India's external debt up at $230 Billion
By IANS
Wednesday,01 July 2009, 07:42 hrs
Mumbai: India's external debt rose 2.4 percent or $5.3 billion to $229.9 billion for the fiscal ended March 31, the Reserve Bank of India (RBI) said Tuesday.
India, which has an external debt equivalent to 22 percent of its gross domestic product, was already the fifth most indebted country in the world in 2007, the central bank said in a statement.
The current account - which includes components like external trade deficit and remittances from overseas - had a deficit of $29.82 billion for last fiscal, compared to a deficit of $17.03 billion in the previous period.
The capital account - which comprises items like foreign investment, external loans and foreign assistance - had a surplus of $9.15 billion for 2008-09 compared to a surplus of $107.94 billion in the year-ago period.
I wonder what was the intention of the post...by our friend... Anyways....
China's outstanding external debt reached 374.66 billion U.S. dollars by the end of 2008, up 0.28 percent, or 1.04 billion U.S dollars from a year earlier, the State Administration of Foreign Exchange (SAFE) announced Friday.
Long and medium-term external debt, which accounted for 43.74 percent of the total, stood at 163.9 billion U.S. dollars, up 6.74 percent, or 10.3 billion U.S. dollars.
Short-term external debt, however, fell 4.23 percent, or 9.3 billion U.S. dollars year on year to 210.8 billion U.S. dollars.
In 2008, the newly-added debts increased by 0.81 percent year on year, or 291 million U.S. dollars, to 36.3 billion U.S. dollars.
The nation repaid principals for long and medium-term debt of 23.3 billion U.S. dollars, up 14.92 percent and interests 4.15 billion U.S. dollars, down 16.22 percent, the SAFE said.
http://sa2.mofcom.gov.cn/aarticle/chinanews/200904/20090406200498.html