51,000 crore of foreign debt to the country despite foreign exchange

New delhi date. 3 October 2019 Thursday

At present we have a foreign exchange exchange and the foreign debt on the country has gone up to 51,000 crore. Government sources attribute the rise in crude oil prices to that.

In June 2017, foreign exchange increased from $ 485 billion to $ 557 billion at present, but the foreign debt figure in the country has also increased to Rs 15,000 crore in the last two years.

The reality is that for the past two years, the domestic economic situation has been steadily worsening. On the other hand, the rise in the price of crude oil also adversely affected the prices of petrol and diesel. Even today the money required by the non-banking companies and banks is not readily available to the corporate sector.

Over the last five years, foreign debt has increased significantly over the past five years. Foreign debt was up 11.8 percent compared to 2014. In particular, long-term foreign debt increased by eight percent. Foreign debt increased from $ 414 billion to $ 447 billion in the last one year.

Similarly, short-term foreign debt also increased by 11.1 percent. In the last one year, short-term debt increased from $ 98.7 billion to $ 109.7 billion.