Indian Economy

Choose the Correct Answer

Correct Answer : Option c

Explanation
Statement 1 is correct: As per the latest data, India's internal debt is significantly higher than its external debt. As of end-March 2024, India's internal debt stood at ₹105.1 lakh crore, significantly higher than its external debt of ₹6.92 lakh crore.

Statement 2 is correct: US dollar-denominated debt remained the largest component of India’s external debt, with a share of 53.8 percent at end-March 2024, followed by debt denominated in the Indian rupee (31.5 per cent), yen (5.8 per cent), SDR (5.4 per cent), and euro (2.8 per cent)," said country's central bank in the statement.

Statement 3 is correct: The Economic Survey 2023-24 reports that commercial borrowings accounted for 36.9% of India's total external debt as of March 31, 2023, making it the largest component.