Foreign debt of the country increased, the figure crossed ₹ 72,00,000 crore; What is the impact on the common man?

RBI Report On India Foreign Debt: The Indian economy, one of the fastest growing economies in the world, is performing much better. Meanwhile, the latest RBI data has presented a new picture of India’s debt. According to the report of the Reserve Bank of India, the total foreign debt of the country has been recorded at 762.8 billion dollars i.e. about Rs 72.15 lakh crore. By March 2026, India’s external debt has increased by $ 26.3 billion compared to a year ago. However, the figure of increasing debt on India is even bigger than this.

According to the RBI, the stronger US dollar against the Indian rupee may have hidden the real increase in foreign debt. If the impact of different valuations is removed, the external debt will be not just $26.3 billion, but $51 billion.

India’s debt compared to GDP

It is noteworthy that only the debt figures are not important for any country, here it is also seen how much the debt is in comparison to its economy. If seen on this scale, India’s external debt as a proportion of GDP has increased to 20.8 percent, which was 19.8 percent a year ago. That means, along with economic development, foreign debt is also increasing. But, it is a matter of relief that this ratio is still considered within the control range compared to many emerging and developing economies.

How is India’s debt increasing?

reserve Bank of India It has also been revealed in the report that the foreign debt of the government has decreased, while the foreign borrowing of the private sector has increased. Non-financial corporate companies alone hold 36.4 percent of the total external debt. Due to raising relatively cheap funds from foreign markets, companies are using external borrowing more.

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What is the impact on the common man?

Increase in foreign debt does not mean that the country’s economy is moving towards crisis. However, this is a sign that needs to be monitored. If us currency If it becomes strong then global interest rates reach high levels or borrowing money from foreign markets becomes very expensive. In this situation the operational cost of companies increases. This pressure can affect investment, employment and economic activities in the long run.