Indiaâs external debt declines 3.6% to $510.4 bn at Sept-end
India's external debt fell by $19.3 billion, or 3.6%, to $510.4 billion during the six-month period ended September 2018. The decline was due to a decrease in commercial borrowings, Non-Resident Indian (NRI) deposits and valuation gains resulting from appreciation of US dollar against rupee and major currencies. Commercial borrowings were the largest component of external debt with a 37.1% share.