India’s External Debt Rises to $635 Billion at End-September 2025.

Economy & Business | Dated: 31 Dec 2025

According to the RBI report, India's external debt rose to $635 billion as of September 30, 2025, recording an increase of $10 billion over the previous quarter. However, the external debt-to-GDP ratio declined marginally to 18.4%, reflecting a stable macroeconomic environment.

🎯 Key Highlights:

  • US dollar-denominated debt remained the largest component of India's external debt, with a share of 54%.
  • Short-term debt on a residual maturity basis constituted 43% of total external debt.
  • NRI deposits contributed significantly to the rise in debt stock.

💡 Other Important Facts:

  • Data: External Debt ($635 Billion).
  • Ratio: 18.4% (Debt-to-GDP).
  • Top Currency: US Dollar.

📚 Test Your Knowledge:

What was India's total external debt recorded at the end of September 2025 according to RBI?

Correct Answer: $635 Billion

🚀 Quick Recap:

About RBI Data

  • Report – India's External Debt
  • Frequency – Quarterly