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India’s External Debt at US$ 778.2 Billion, End-June 2026

30 September 20261 min read
ECONOMYIndia’s ExternalDebt at US$ 778.2Billion, End-June202630 September 2026safalsetu.com

Why in the news

The RBI released quarterly data on 30 September 2026 showing India’s external debt at US$ 778.2 billion at the end of June 2026. This is US$ 15.4 billion higher than at end-March 2026.

Key facts

  • The external debt to GDP ratio was 20.8%, slightly lower than 20.9% in March 2026.
  • The US dollar remained the biggest currency component at 54.8%; the Indian rupee accounted for 29.8%.
  • Long-term debt (original maturity above one year) was US$ 624.7 billion, and short-term debt was US$ 153.5 billion (19.7%).
  • The debt service ratio was steady at 5.6% of current receipts.
  • A valuation gain of US$ 0.9 billion came from dollar appreciation against currencies such as the yen and euro.

Composition

CurrencyShare
US dollar54.8%
Indian rupee29.8%
Japanese yen6.9%
SDR4.1%
Euro3.5%

By instrument, loans were the largest component at 34.3%, followed by currency and deposits at 22.2%, trade credit and advances at 19.1% and debt securities at 16.5%. Non-financial corporations held the biggest sector share at 36.1%.

About external debt

External debt is the outstanding amount owed by residents to non-residents that must be repaid in currency, goods or services. The RBI publishes the data quarterly. Residual short-term debt, due within 12 months, was 43.4% of the total and 50.5% of foreign exchange reserves.

Exam angle

  • Remember the headline figure of US$ 778.2 billion and the ratio of 20.8%.
  • The dollar is the dominant currency in the debt mix, with the rupee second.
  • Short-term debt is defined by original maturity of one year or less.

Test yourself

1. India's external debt at end-June 2026, according to RBI data, was about:

External debt was US$ 778.2 billion, up US$ 15.4 billion over end-March 2026.

2. Which currency had the largest share in India's external debt at end-June 2026?

The US dollar accounted for 54.8% of external debt; the rupee had 29.8%.

3. What was India's external debt to GDP ratio at end-June 2026?

The ratio was 20.8%, compared with 20.9% at end-March 2026.

Sources: RBI press release, ANI