By: Aswathi K
July 30 2020
Misleading: India's external debt was $296 billion in 2014.
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The Verdict Misleading
440.6 billion US dollars was the total amount of external debt stock of India at the end of March 2014.
Claim ID f3d1aceb
440.6 billion US dollars was the total amount of external debt stock of India at the end of March 2014.India's national external loan amount reached 440.6 billion at the end of March 2014, which was 7.6% higher than in 2013. As of March 2014, India's long-term external debt was 351.4 billion US$, and short-term external debt was 89.2 billion US$. Compared with the previous year (2013), the long-term debt had increased by 12.4%, and short-term external debts by 7.7%. Hence, India's total loan amount until 2014 was 440.6 billion US dollars, but not 296 billion dollars.