pioTV      Connecting India & Indian Diaspora   
  JOIN
Indian
Diaspora
Network
Home About pioTV News Stories Bollywood PIO / NRI Reports 16th PBD 2021 Featured Video Exclusive Interview Diaspora Network

India gears up to repay debt of $256 billion

The Indian economy has so far braved the Covid-19 pandemic challenges. But, analysts expect severe pressure as India`s external debt worth $256 billion matures over the next 12 months. India`s Finance Ministry said debt coming up for repayment the year is about 43 percent of the external debt outstanding at $596 billion. India`s foreign exchange reserves are at the highest-ser and more than $600 billion. Yet, there could be short-term pressures on the currency as the RBI is likely to temper its interventions rather than defend the currency. With the recent US consumer price inflation of 7 percent at a 39 year high, the US Federal Reserve might hike rates sooner than anticipated, resulting in higher pull out of dollars from emerging markets including India. The country is still in a comfortable position with reserves adequate to fund over 12 months` imports and this short-term debt. Though reserves position is comfortable compared to 2013, they may not grow as much, or as consistently, as they have in the last couple of years. India added only $48 billion to its stock of reserves in 2021 compared to $124 billion in 2020. Economists are also bracing for an overall balance of payments deficit after almost twelve quarters in March 2022 as crude and commodity prices continue to rise. Moreover, India faces a double blow with rising funding costs as interest rates are set to rise as also higher amounts of dollar funds as the CAPEX cycle is set to pick up.
Tweet
  • • India on a medal winning spree at C`wealth Games
  • • Heavy rains red alert in Kerala state of India
  • • India, US discuss China-Taiwan tensions
  • • Justice U U Lalit will be Chief Justice of India f
  • • Mamata to meet Modi, President Murmu
  • • India tests indigenous laser-guided anti-tank miss
  • • First all-women officers Indian Navy maritime miss
  • • Entry to Indian monuments free for 75 years of Ind
  • • Lanka President thanks Modi for timely economic as
  • • Indian Health Ministry`s do`s and don`ts for Monke
  • • India`s official video of “Har Ghar Tiranga” a
  • • Life Insurance Corporation of India enters Fortune
  • • India amasses medals at C`wealth Games 2022
  • • India, Maldives sign 6 bilateral cooperation agree
  • • India wins women`s lawn bowls gold at C`wealth Ga
  • • Gold for Indian men`s table tennis team at C`wealt
  • • Very heavy rains warning for Tamil Nadu, Kerala, H
  • • India to deepen ties with ASEAN
  • • Har Ghar Tiranga Bike Rally flagged off
  • • Indian cricket team shines in Windies, leads 2-1 i
  • • India to roll out 5G services in October 2022
  • • Indian woman weightlifter wins bronze in C`wealth
  • • Maldives President in India
  • • India to bring down retail inflation below 7 perce
  • • Jet Airways to restart flights from September 2022
  • • Modi says Ayurveda research grows, Ayush exports u
  • • India International Bullion Exchange opens in Guja
  • • Indian Government task force on Monkeypox
  • • Indian weightlifter bags gold in Commonwealth Game
  • • Indian military exercises with Oman, Vietnam
  • • India 5G auction nears US$ 19 billion in bids
  • • India says Chahabar port to increase trade with Ce
  • • India sees jump in daily COVID cases
  • • Gujarat gets US$ 125 m new dairy projects
  • • Indian Navy beefs armada with aircraft carrier, ch
  • • Indian peacekeepers killed in Congo
  • • Not one good air quality day in Delhi in first hal
  • • Tirumala collection Rs. 100 crores in July 2022
  • • Indian is World Bank chief economist
  • • HCL heir is India`s richest woman with $10.5 bn we
Bollywood
Bollywood
Bollywood

Diaspora Events

Pravasi Bharatiya Conference on Youth
9th Janaury, 2022 | |

Convergence India Expo
23-25 March, 2022 | |

WINTER MEDICAL CONFERENCE 2022
18-20 MARCH, 2022 | |

AAPI FAMILY TOUR TO GREENLAND/JAPAN
February 22 to March 1, 2022 | |

[ read more ]

Home  |  About  |  Contact  |  Disclaimer  |  Privacy Policy
2015 © pioTV   All Rights Reserved