The long-term debt stood at US$ 240.9 billion while the short-term debt stood at US$ 65.0 billion accounted for 78.8 per cent and 21.2 per cent, respectively, of the total external debt as at end-March 2011.
The share of commercial borrowings stood highest at 28.9 per cent as at end-March 2011 followed by short-term debt (21.2 per cent), NRI deposits (16.9 per cent) and multilateral debt (15.8 per cent). The debt service ratio declined to 4.2 per cent during 2010-11 as compared to 5.5 per cent during 2009-10.
The components of external debt includes the loans under external assistance (multilateral and bilateral debt) increased by around US $ 9.0 billion during 2010-11 as compared with a lower increase of US$ 5.3 billion during the previous year. Moreover, it include trade credits (both long-term and short-term) that rose by US $ 12.8 billion, as at end-March 2011 as compared to US$ 9.9 billion over the level at end-March 2010.
The commercial borrowings that rose by US$ 17.5 billion as at end-March 2011 over its level as at end-March 2010 as compared to a growth of US $ 8.4 billion during the corresponding period of the preceding year.