Tag: US dollar

India’s external debt increases in Q3 of 2014-15

Newsroom24x7 Desk New Delhi: At end-December 2014, India’s external debt stood at US$ 461.9 billion – an increase by US$ 15.5 billion (3.5 per cent) over the level at end-March 2014. India’s external debt to GDP ratio stood at 23.2 per cent at end-December 2014 vis-à-vis 23.7 per cent at end March 2014. The rise in external

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Modi Government can balance trade deficit by attracting investment and aiming for global quality of production

A Newsroom24x7 Analysis Prime Minister Narendra Modi came to power with the vision to make India a global manufacturing hub. He spelt out his priority in crystal clear terms when he invited global players from the ramparts of Red Fort on Independence Day by raising the slogan–“Come Make in India”. The Prime Minister has given himself the mandate

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India external debt witnesses rise due to higher commercial borrowings and NRI deposits

Newsroom24x7 Desk New Delhi, Jan. 9: Four months after the formation of the Modi Government at the Centre, India’s total external debt stock (at end-September 2014) was placed at US$ 455.9 billion, recording an increase of US$ 13.7 billion over its level at end-March 2014. According to data released for the quarter ending September 30,

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