• India's total debt rises to Rs 205 trillion in September quarter: Report

    Business
    India's total debt rises to Rs 205 trillion in September quarter: Report
    Treasury bills were worth USD 111 billion, or Rs 9.25 lakh crore, constituting 4.51 percent of the total debt...

    Digital Desk: The country's total debt, or the total outstanding bonds that are being traded in the market, rose to USD 2.47 trillion (Rs 205 lakh crore) in the September quarter, according to a report. The total debt amount in the March quarter of the previous fiscal was USD 2.34 trillion (Rs 200 lakh crore).

    The central government's debt stood at USD 1.34 trillion, or Rs 161.1 lakh crore, in the September quarter, up from USD 1.06 trillion, or Rs 150.4 lakh crore, in the March quarter, Vishal Goenka, Co-Founder of Indiabonds.com, said, quoting data provided by the Reserve bank of India.

    Indiabonds.com, launched in 2021, is a Sebi-registered online bond platform that provides investing solutions.

    The report is a collation of data from the RBI, Clearing Corporation of India, and the Securities and Exchange Board of India.

    At Rs 161.1 lakh crore, the central government's debt constitutes the highest 46.04 percent share of the total amount.

    State governments' debt share was 24.4 percent, or USD 604 billion (Rs 50.18 lakh crore), the report states.

    Treasury bills were worth USD 111 billion or Rs 9.25 lakh crore constituting 4.51 percent of the total debt, it stated.

    Corporate bonds had a 21.52 percent share of the total debt at USD 531 billion (Rs 44.16 lakh crore) in the second quarter of the current fiscal, as per the report.