India’s external debt during the first quarter of 2022-23 declined by USD ____ billion to USD 617.1 billion over the end-March 2022.?

Solution

India’s external debt during the first quarter of 2022-23 declined by USD 2.5 billion to USD 617.1 billion over the end-March 2022.The external debt to GDP ratio declined to 19.4 percent at end-June 2022 from 19.9 percent at end-March 2022. Learn Along: The debt-to-GDP ratio is the ratio of a country’s debt to its gross domestic product (GDP). Expressed as a percentage, the ratio is used to gauge a country’s ability to repay its debt. In other words, the debt-to-GDP ratio compares a country’s public debt to its annual economic output.