This column argues that India’s healthy and resilient external sector will help India manage and navigate the volatile and uncertain global environment. This represents more than adequate capacity to service India’s external debt. India’s short-term external debt is about one-fifth of the total, providing a healthy cushion in external debt management. In the two sessions post India’s G-Sec inclusion in JP Morgan’s bond index, Indian markets recorded foreign inflows of INR 33.7 billion (USD 0.41 billion). This article has discussed India’s strong external sector indicators, and suggested areas where more effort is needed.

Source: Economic Times July 04, 2024 11:13 UTC