As on 31 st, March 2017, external debt of India was in which of the following range as a percentage of…
India's external debt at end-March 2017 was about US$ 472 billion, which the Ministry of Finance's report on India's external debt put at about 20.2% of GDP, within the 20…
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As on 31 st, March 2017, external debt of India was in which of the following range as a percentage of GDP ?
Answer and explanation
Correct answer D
India's external debt at end-March 2017 was about US$ 472 billion, which the Ministry of Finance's report on India's external debt put at about 20.2% of GDP, within the 20 to 22 percent range. The ratio had eased from about 23% a year earlier, so the lower ranges understate it.
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