India's external debt rises to $762.8 bn, debt-GDP ratio at 20.8%

India's external debt rose by $26.3 billion year-on-year to $762.8 billion at the end of March 2026, according to RBI data. The increase included a $24.6 billion valuation impact from the US dollar's appreciation against the rupee and other major currencies. The external debt-to-GDP ratio climbed to 20.8% from 19.8% a year earlier.