India’s external debt up 6.6% to $475.8 bn in FY15

India’s total external debt rose by $29.5 billion, or 6.6 <g data-gr-id="8">per cent</g>, to $475.8 billion during 2014-15 fiscal, mainly due to increase in external commercial borrowings and NRI deposits. However, as percentage of the Gross Domestic Product (GDP), the country’s external debt works out to be 23.8 <g data-gr-id="9">per cent</g> at the end of March 2015, marginally up from 23.6 per cent as on March 2014.