Economic Survey Analysis : External Debt of India

The external debts are posing a hurdle for the Indian economy as stated by the Economic Survey 2016-17 which directly affects the balance of payments (BOP) situation for the economy. India’s external debts are largely constituted of long-term external borrowings having a higher rate of interest on. A lot of interest payments against such external borrowings leads to create an unfavourable situation for the Indian economy to finance its current account deficits.

An IAS aspirant should critically analyse the strength and weak areas of the Indian economy. Here, for the convenience of IAS aspirants, we have provided an analysis of external debts of India as given in the recent Economic Survey 2016-17. The given analysis is important for UPSC IAS Mains Exam.

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