Paper I · 6 Indian Economy & Planning · 6.4.1 External sector

6.4.1.5 External debt, remittances and NRI deposit schemes

India's external debt stood at US$ 762.8 billion at end-March 2026 (20.8% of GDP), while remittances of over US$ 100 billion a year, the highest in the world, and NRI deposits help finance the current account.

  • APPSC Paper I · Paper I
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • external debt
  • debt service ratio
  • short-term debt
  • remittances
  • NRE
  • NRO
  • FCNR(B)
  • LRS
  • ECB
  • India's External Debt report
  • remittance survey

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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