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- According to the World Bank International Debt Report 2024, India’s total external debt climbed by $31 billion to $646.79 billion in 2023.
- Interest payments rose from $15.08 billion in 2022 to $22.54 billion in 2023, according to the report.
- Short-term debt stocks fell slightly to $126.32 billion in 2023, while long-term debt stocks increased 7% to $498 billion.
- The report states that in 2023, the external debt stock as a percentage of exports was 80%, while debt servicing accounted for 10% of exports.
- According to the report, net stock inflows were higher in 2023 at $46.94 billion, while net debt inflows for the year totalled $33.42 billion.
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