RBI puts India's external debt at US$ 778.2 billion at end-June 2026, with the debt to GDP ratio at 20.8 per cent

30 September 2026

The Reserve Bank of India released India's external debt data for the quarter ended June 2026.
At end-June 2026, India's external debt was placed at US$ 778.2 billion, an increase of US$ 15.4 billion over its level at end-March 2026.
The external debt to GDP ratio moderated to 20.8 per cent at end-June 2026 from 20.9 per cent at end-March 2026.
Valuation gains due to the appreciation of the US dollar against major currencies such as the Yen and the Euro amounted to US$ 0.9 billion; excluding that valuation effect, external debt would have increased by US$ 16.4 billion.
Long-term debt, with an original maturity of above one year, stood at US$ 624.7 billion, up US$ 11.2 billion over end-March 2026, while the share of short-term debt in total external debt rose to 19.7 per cent from 19.6 per cent.
US dollar-denominated debt remained the largest component with a share of 54.8 per cent, followed by debt denominated in the Indian rupee at 29.8 per cent, the Yen at 6.9 per cent, SDR at 4.1 per cent and the Euro at 3.5 per cent.
Loans remained the largest instrument-wise component at 34.3 per cent, and debt service stood at 5.6 per cent of current receipts, the same as at end-March 2026.