India: Short-term debt to reserves
* indicates monthly or quarterly data series
| India |
Short-term external debt, percent of international reserves |
|---|---|
| Latest value | 21.65 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1990 - 2024 |
| Average | 25.58 |
| Min - Max | 5.21 - 151.56 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2024 is 21.65 percent, an increase from 20.12 percent in 2023. In comparison, the world average is 790.72 percent, based on data from 96 countries. Historically, the average for India from 1990 to 2024 is 25.58 percent. The minimum value, 5.21 percent, was reached in 2004 while the maximum of 151.56 percent was recorded in 1990.
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* indicates monthly or quarterly data series
| Recent values | India: Short-term debt to reserves |
|---|---|
| 2024 | 21.65 |
| 2023 | 20.12 |
| 2022 | 22.54 |
| 2021 | 17.96 |
| 2020 | 17.54 |
| 2019 | 23.04 |
| 2018 | 26.04 |
| 2017 | 23.66 |
Definition: Debt of public and private domestic borrowers to non-residents with maturity of twelve months of less as percent of total foreign exchange reserves. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 91.30 | 2024 | percent |
| Trade openness | 46.27 | 2025 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 22.26 | 2025 | percent |
| Exports, billion dollars | 880.74 | 2025 | billion U.S. dollars |
| Growth of exports | 6.46 | 2025 | percent |
| Imports, percent of GDP | 24.01 | 2025 | percent |
| Imports, billion dollars | 949.66 | 2025 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.99 | 2025 | percent |
| Foreign Direct Investment, billion dollars | 27.14 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | -18,535.15 | 2025 | million dollars (current) |
| Current account, percent of GDP | -0.42 | 2025 | percent |
| Current account, in dollars | -16.49 | 2025 | billion U.S. dollars |
| Current Account, quarterly | -0.62 | 3/2026 | percent |
| Trade balance, percent of GDP | -1.74 | 2025 | percent |
| Trade balance, in dollars | -101.35 | 2025 | billion U.S. dollars |
| Reserves | 700.07 | 2025 | billion U.S. dollars |
| Remittances, percent of GDP | 3.81 | 2025 | percent |
| Remittances | 150,711.60 | 2025 | million U.S. dollars |
| Net errors and omissions | 127.43 | 2025 | million USD |
| External debt | 18.32 | 2024 | percent |
| Short-term external debt | 19.43 | 2024 | percent |
| Short-term debt to reserves | 21.65 | 2024 | percent |
| External debt in foreign currencies | 69.44 | 2024 | percent |