India’s September Quarter Total Debt Increases to Rs 205 Trillion: Report

In Q3, India’s Total Debt Amounted to Rs 205 Trillion: State governments contribute 24.4% of the total debt, with the central government accounting for 46.04% of the total at Rs 161.1 trillion

India’s total debt increased significantly in the September quarter, according to a thorough analysis that was put together using information from the Securities and Exchange Board of India, Clearing Corporation of India, and Reserve Bank of India (RBI). Rising from USD 2.34 trillion (Rs 200 lakh crore) reported in the March quarter of the previous fiscal year, the total outstanding bonds traded in the market reached USD 2.47 trillion (Rs 205 lakh crore).

Dynamics of Government Debt

The central government’s debt increased dramatically from USD 1.06 trillion (Rs 150.4 lakh crore) in the previous March quarter to USD 1.34 trillion (Rs 161.1 lakh crore) in the September quarter. The Reserve Bank of India’s data detailing this growth is emphasized by Vishal Goenka, Co-Founder of Indiabonds.com. Notably, the debt of the federal government, which is currently Rs 161.1 lakh crore, represents 46.04% of the overall debt.

Dissection of the Elements of Debt

Central Government Dominance: At 46.04% of the total debt, the central government bears the lion’s share, highlighting its important position in the nation’s debt situation.

State Government Contribution: State governments make up 24.4% of the overall debt, or Rs. 50.18 lakh crore or USD 604 billion.

Treasury Bills: At USD 111 billion (about Rs 9.25 lakh crore), Treasury bills make up 4.51% of the total amount of debt.

Corporate Bonds: In the second quarter of the current fiscal year, corporate bonds commanded a 21.52% share, amounting to USD 531 billion (Rs 44.16 lakh crore).

Read also:-Direct Card-on-File Tokenization at Issuer Bank Level is facilitated by RBI

What was India’s total debt for the September quarter?

A: With outstanding bonds trading at USD 2.47 trillion, India’s total debt came to Rs 205 trillion.

What is the total amount of debt held by the central government, and what proportion of it is it?

A: At Rs 161.1 trillion, the debt of the central government represents 46.04% of the entire debt.

What portion of the overall debt is owed by state governments?

A: State governments give USD 604 billion, or 24.4%, of the overall debt.

What part do corporate bonds and treasury bills play in the debt structure?

A: In the second quarter, corporate bonds accounted for 21.52% of total debt, while Treasury bills made for 4.51%.