India's external debt reaches record USD 778.2 billion at end-June 2026

  • India's external debt rose to a record high at the end of June 2026.
  • USD 15.4 billion lifted total external debt to USD 778.2 billion.
  • Long-term debt increased USD 11.2 billion, while short-term debt rose USD 4.3 billion.

India's external debt rose by USD 15.4 billion during the quarter to a record USD 778.2 billion at the end of June 2026, surpassing the previous peak of USD 767.3 billion in December 2025. Long-term debt, originally maturing after more than one year, increased by USD 11.2 billion to USD 624.7 billion. Short-term debt rose by USD 4.3 billion to USD 153.5 billion, lifting its share of total external debt to 19.7% from 19.6%. General-government debt climbed by USD 6.8 billion to USD 174.3 billion, while non-government debt increased as company and deposit-taking corporation liabilities grew.

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