Indias external debt declined by $9 billion to $400.3 billion at the end of September 2013 with government debt component at $77.3 billion.
At end-September 2013,Indias total external debt stock stood at $400.3 billion,recording a decline of $ 9 million over the level at end-March 2013, said a finance ministry release.
Of this,the long-term debt was $305.5 billion at the end of September,showing an increase of 0.6 per cent over March 31 level,while short-term debt declined by 2 per cent to $ 94.8 billion.
Government (Sovereign) external debt stood at $ 77.3 billion,(19.3 per cent of total external debt) at end September 2013 vis-a-vis $81.7 billion (20.4 per cent) at end-March 2013, the ministry further said.
The share of US dollar-denominated debt continued to be the highest in external debt stock at 60.7 per cent at end-September 2013,followed by the Indian rupee (20.9 per cent),Special Drawing Rights (7.6 per cent),Japanese Yen (5.7 per cent),and Euro (3.2 per cent).
Indias foreign exchange reserves provided a cover of 69.3 per cent to the total external debt stock at end-September 2013 as against 73.0 per cent at end-March 2013,the ministry said.