India's foreign debt jumps 10% to $736.3 bn; external debt-to-GDP also rises

India's external debt surged to USD 736.3 billion by March 2025, a 10% increase from the previous year, driven by currency market volatilities and the appreciation of the US dollar. Long-term debt constituted a major portion, while the share of short-term debt decreased, though its ratio to foreign exchange reserves increased slightly. US dollar-denominated debt remained the largest component.