Debt up by $ 4 billion
external debt as at 31/3/99 was USD 98.2.It has increased by USD 4 billion as at 31/3/99
over the immediate past period of one year. Indias external debt as at 31/3/98 stood
at USD 94.4 billion.This was mainly due to the fresh arrivals on account of RIB bonds
amounting to USD 4.2 billions around last Aug. 1998 and also due to increased inflow of
deposits into FCNR deposits.This is to be noted that this figure of foreign debts is
almost equivalent to the amount outstanding at the end of F.Y. 1995.