India's total external debt stood at $762.8 billion at the end of March 2026, marking a decrease from $765.5 billion recorded in the fourth quarter of 2025, according to data released by the Reserve Bank of India (RBI) on Tuesday.
The latest print was lower than the Trading Economics' forecast of $779 billion in deficit.
On a year-over-year basis, total external debt fell from $736.4 billion in the first quarter of 2025.
The external debt-to-GDP ratio increased to 20.8% at the end of March 2026 from 19.8% a year earlier and from 20.4% in the previous quarter.