Indias external debt increased from US $98,158 million as at the end of March 2000 to US $100,225 million as at the end of March 2001 due to increase in

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Q: 36 (IAS/2002)
India’s external debt increased from US $98,158 million as at the end of March 2000 to US $100,225 million as at the end of March 2001 due to increase in

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,49,141,49,22,75,44

keywords: 

{'external debt': [0, 0, 1, 0], 'rupee debt': [0, 0, 1, 0], 'bilateral debt': [0, 0, 1, 0], 'international monetary fund': [0, 0, 1, 2], 'commercial borrowings': [0, 0, 1, 0], 'india': [8, 1, 7, 13], 'nri deposits': [0, 0, 1, 0]}

Based on the given information, the increase in India`s external debt from US $98,158 million at the end of March 2000 to US $100,225 million at the end of March 2001 was primarily due to an increase in multilateral and bilateral debt.

Multilateral debt refers to loans obtained from international financial institutions like the World Bank, International Monetary Fund (IMF), and regional development banks. Bilateral debt refers to loans obtained from foreign governments or their agencies.

Therefore, the correct answer is: The increase in India`s external debt during that period was due to an increase in multilateral and bilateral debt.

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