In the latest update on India's foreign debt, data released on 28th March 2024, reveals that the country's foreign debt has increased to $648.2 billion in the fourth quarter of 2023. This marks a significant rise from the previous indicator of $635.3 billion recorded in the same quarter of 2023. The increase in foreign debt could have implications on India's economy and its ability to manage external financial obligations.
The rising foreign debt in India underscores the importance of monitoring the country's economic indicators and their impact on the overall financial stability. Investors and policymakers will be closely watching how India manages its foreign debt in the coming quarters to ensure sustainable economic growth and stability in the global financial market.
