In a recent report, it has been revealed that India’s total debt, representing the outstanding bonds traded in the market, has witnessed a significant rise to USD 2.47 trillion (INR 205 lakh crore) in the September quarter. This marks an increase from the USD 2.34 trillion (INR 200 lakh crore) recorded in the March quarter of the previous fiscal year.
Vishal Goenka, Co-Founder of Indiabonds.com, shared data from the Reserve Bank of India, indicating that the central government’s debt reached USD 1.34 trillion or INR 161.1 lakh crore in the September quarter. This represents a notable surge from USD 1.06 trillion or INR 150.4 lakh crore in the March quarter.
At INR 161.1 lakh crore, the central government’s debt holds the lion’s share, constituting 46.04% of the total amount. State governments’ debt contributes 24.4%, amounting to USD 604 billion (INR 50.18 lakh crore). Treasury bills, valued at USD 111 billion or INR 9.25 lakh crore, constitute 4.51% of the total debt.
Corporate bonds, holding a substantial 21.52% share, amount to USD 531 billion (INR 44.16 lakh crore) in the second quarter of the current fiscal year.
This comprehensive report is a collation of data from the Reserve Bank of India, Clearing Corporation of India, and the Securities and Exchange Board of India.
