India's Debt Near 42 Billion US Dollars

Home>>World

Last updated at: (Beijing Time) Saturday, August 23, 2003

India's Debt Near 42 Billion US Dollars

Total loans outstanding on the Indian government account to world financial bodies and on bilateral assistance stood at 41.57 billion US dollars as of July this year.

DISCUSSION

CHINESE

SEND TO FRIEND

Total loans outstanding on the Indian government account to world financial bodies and on bilateral assistance stood at 41.57 billion US dollars as of July this year.

These included 25.49 billion dollars payable to the World Bank and 14.05 billion worth of bilateral assistance, Finance Minister Jaswant Singh said Friday during the question hour.

In reply to a related question, Commerce and Industry Minister Arun Jaitley said India's trade gap more than doubled between 2002-03 and 2003-04 primarily due to the growth of both oil and non-oil imports.

The trade gap between April and June 2003-04 stood at 4,182 million dollars compared with 1,801 million dollars in the corresponding period in 2002-03 and 2,430 million in 2001-02, he said.

The provisional worth of export in 2002-03 stood at 52,234 million dollars, while the value of import stood at 61,286 million in the same year.

Questions?Comments? Click here

US Conducts Land-based Missile Test ( 2 Messages)

Chinese Personages Appeal to Japan to Face up to History ( 2 Messages)

Disgraced Official Highlights Chinks in System ( 3 Messages)

Beijing's Economy Forecast to Grow 9-10 Percent in 2003 ( 2 Messages)

China Puts New Anti-AIDS Drug in Clinical Use ( 2 Messages)