External debt refers to the portion of a country’s total debt that is borrowed from foreign lenders, including commercial banks, governments, or international financial institutions. These loans and borrowings must be paid back in foreign currency. Read here to learn more. External debt plays a significant role in a country’s economy, offering opportunities for growth […]
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The post External Debt: Why is it rising for India? appeared first on ClearIAS.
http://dlvr.it/T8sX1W
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