India: Short-term debt to reserves

* indicates monthly or quarterly data series
 India

Short-term external debt, percent of international reserves

 Latest value 20.12
 Year 2023
 Measure percent
 Data availability 1970 - 2023
 Average 27.77
 Min - Max 5.21 - 151.56
 Source The World Bank
The latest value from 2023 is 20.12 percent, a decline from 22.54 percent in 2022. In comparison, the world average is 77.28 percent, based on data from 83 countries. Historically, the average for India from 1970 to 2023 is 27.77 percent. The minimum value, 5.21 percent, was reached in 2004 while the maximum of 151.56 percent was recorded in 1990. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
India - Short-term debt to reserves - Recent values chart

Historical series
India - Short-term debt to reserves - historical chart - 1970-2023




Definition: Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 90.74 2021 percent
 Trade openness 45.92 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 21.89 2023 percent
 Exports, billion dollars 779.45 2023 billion U.S. dollars
 Growth of exports 1.52 2023 percent
 Imports, percent of GDP 23.96 2023 percent
 Imports, billion dollars 858.84 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.79 2023 percent
 Foreign Direct Investment, billion dollars 28.08 2023 billion U.S. dollars
 Portfolio investment inflows, equities 21,427.09 2023 million dollars (current)
 Current account, percent of GDP -1.20 2023 percent
 Current account, in dollars -31.96 2023 billion U.S. dollars
 Trade balance, percent of GDP -2.07 2023 percent
 Trade balance, in dollars -86.33 2023 billion U.S. dollars
 Reserves 627.79 2023 billion U.S. dollars
 Remittances, percent of GDP 3.52 2023 percent
 Remittances 125,000.00 2023 million U.S. dollars
 Net errors and omissions 79.08 2023 million USD
 External debt 18.42 2022 percent
 Short-term external debt 19.53 2023 percent
 Short-term debt to reserves 20.12 2023 percent
 Foreign exchange reserves 54,768.69 12/2024 billion
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