Ahmedabad
(Head Office)Address : 506, 3rd EYE THREE (III), Opp. Induben Khakhrawala, Girish Cold Drink Cross Road, CG Road, Navrangpura, Ahmedabad, 380009.
Mobile : 8469231587 / 9586028957
Telephone : 079-40098991
E-mail: dics.upsc@gmail.com
Facts for Prelims
India’s External Debt
News: According to the “India’s External Debt: A Status Report 2022-23”, the ratio of external debt to GDP declined to 18.9% at March-end 2022-23 from 20% a year ago.
About:
• India’s external debt of $624.7 billion at March-end 2023 with a debt-service ratio of 5.3% is within the comfort zone.
• The Debt-Service Ratio - It is measured by the proportion of gross debt service payments (both principal and interest) to external current receipts (gross income).
• External Debt - It refers to money borrowed from a source outside the country. It has to be paid back in the currency in which it is borrowed.
• Sources - It can be obtained from foreign commercial banks, international financial institutions like IMF, World Bank, ADB etc and from the government of foreign nations.
Recent Current Affairs
Our Branches
Gandhinagar
Address: A-306, The Landmark, Urjanagar-1, Opp. Spicy Street, Kudasan – Por Road, Kudasan, Gandhinagar – 382421
Mobile : 9723832444 / 9723932444
E-mail: dics.gnagar@gmail.com
Vadodara
Address: 2nd Floor, 9 Shivali Society, L&T Circle, opp. Ratri Bazar, Karelibaugh, Vadodara, 390018
Mobile : 9725692037 / 9725692054
E-mail: dics.vadodara@gmail.com
Surat
Address: 403, Raj Victoria, Opp. Pal Walkway, Near Galaxy Circle, Pal, Surat-394510
Mobile : 8401031583 / 8401031587
E-mail: dics.surat@gmail.com
New Delhi(In Association with Edge IAS)
Address: 57/17, 2nd Floor, Old Rajinder Nagar Market, Bada Bazaar Marg, Delhi-60
Mobile : 9104830862 / 9104830865
E-mail: dics.newdelhi@gmail.com