{"id":1730,"date":"2024-03-29T13:59:35","date_gmt":"2024-03-29T08:29:35","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1730"},"modified":"2024-04-03T07:14:41","modified_gmt":"2024-04-03T01:44:41","slug":"q-consider-the-following-statements-68","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-consider-the-following-statements-68","title":{"rendered":"Q. Consider the following statements:"},"content":{"rendered":"\n
    \n
  1. Most of India\u2019s external debt is owed by governmental entities<\/strong>.<\/li>\n\n\n\n
  2. All<\/strong> of India\u2019s external debt is denominated in US dollars<\/strong>.<\/li>\n<\/ol>\n\n\n\n

    Which of the statements given above is\/are correct?<\/p>\n\n\n\n

      \n
    • 1 only<\/li>\n\n\n\n
    • 2 only<\/li>\n\n\n\n
    • Both 1 and 2<\/li>\n\n\n\n
    • Neither 1 nor 2<\/li>\n<\/ul>\n\n\n\n
      \n

      Answer: (d) Neither 1 nor 2<\/strong><\/p>\n<\/blockquote>\n\n\n\n

      Notes:<\/h5>\n\n\n\n
        \n
      • Commercial borrowings continued to be the largest component <\/strong>of external debt with a share of 37.4%, followed by NRI deposits (24.1%) and short term trade credit (19.9%).<\/li>\n\n\n\n
      • US dollar-denominated debt continued to be the largest component<\/strong> of India\u2019s external debt with a share of 45.9% at end December 2018, followed by the Indian rupee (24.8%), SDR (5.1%), yen (4.9%) and euro (3.1%).<\/li>\n<\/ul>\n\n\n\n
        External debt of India<\/h5>\n\n\n\n
          \n
        • The\u00a0external debt of India is the debt the country owes to foreign creditors<\/strong>. The debtors can be the Union government, state governments, corporations or citizens of India.\n
            \n
          • The debt includes money owed to private commercial banks, foreign governments, or international financial institutions such as the International Monetary Fund (IMF) and World Bank<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
          • India\u2019s external debt data is published quarterly<\/strong>,\u00a0with a lag of one quarter. <\/strong>Statistics for the first two quarters of the calendar year are compiled and published by the\u00a0Reserve Bank of India.<\/strong>\u00a0Data for the last two quarters is compiled and published by the\u00a0Ministry of Finance<\/strong>.\n
              \n
            • The Government of India also publishes an annual status report <\/strong>on the debt which contains detailed statistical analysis of the country\u2019s external debt position.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
            • At end-March 2022, India\u2019s external debt was placed at US$620.7 billion<\/strong>, recording an increase of US$47.1 billion over its level at end-March 2021.\n
                \n
              • India\u2019s external debt was US$570 billion at the end of March 2021. It recorded an increase of US$11.6 billion over its level at end of March 2020.<\/li>\n\n\n\n
              • The external debt to GDP ratio declined to 19.9 per cent<\/strong> at end-March 2022 from 21.2 per cent at end-March 2021.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
              • The foreign currency reserves is at US$573 billion as on 5 August 2022<\/strong>. It was US$619 billion as on 25 March 2022 <\/strong>compared to US$579 billion at the end of March 2021 & compared to over US$474 billion at the end of March 2020. Hence the foreign currency reserves as a ratio to external debt is at 100.3% at end of Mar2022 <\/strong>when compared to 101.1% at end of March 2021 from 84.9% at end of March 2020.<\/li>\n<\/ul>\n\n\n
                \n
                \"External<\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"

                Which of the statements given above is\/are correct? Answer: (d) Neither 1 nor 2 Notes: External debt of India<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[54],"class_list":["post-1730","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-54"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":54,"label":"2019"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1730"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1730\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1730"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}