India’s foreign debt rose to 765.5 billion US dollars in the fourth quarter of 2025, up from 746.0 billion dollars recorded in the third quarter of 2025. The latest figures, updated on 30 March 2026, indicate a continued buildup in the country’s external liabilities over the period.
The quarter‑on‑quarter increase of 19.5 billion dollars underscores a sustained upward trajectory in India’s foreign debt position through the second half of 2025. While the data release does not specify the drivers of the rise, the expansion in the overall stock of foreign debt may reflect ongoing external financing needs linked to trade, investment, or fiscal requirements.
The new reading positions India’s foreign debt at a higher baseline going into 2026, a development that will likely remain in focus for investors and policymakers monitoring the country’s external vulnerability and debt sustainability metrics.
