Foreign loans should be obtained with the utmost caution. These loans must be repaid in US dollars. Even with a small change in the exchange rate, the debt burden can vary greatly
Now seemingly Foreign debt has been doubled due to the depreciation of the rupee.
According to the Ministry of Finance, foreign loans and interest payments from 2008 to 2027 were as follows.
2008 – USD 881 million
2009 – USD 1,041 million
2010 – USD 826 million
2011 – USD 971 million
2012 – USD 1,620 million
2013 – USD 1,160 million
2014 – USD 1,306 million
2015 – $ 2,828 million
2016 – $ 2,104 million
2017 – $ 2,932 million
2018 – $ 2,891 million
2019 – $ 3,217 million
2020 – $ 3,699 million
2021 – $ 3,344 million
2022 – $ 7 million
