India s External Debt in Relation to BOP Prospects

India's External Debt in Relation to BOP Prospects Arun Ghosh The Reserve Bank is to be congratulated for bringing some transparency to the subject of India's external debt obligations and for attempting a long overdue reconciliation between divergent estimates of such debt Using the data made available by the RBI an attempt is made here to determine the magnitude of the country's external debt, to examine the concepts adopted by the RBI to delineate the country's external debt liabilities and to assess the options open to the country for meeting these liabilities.