New Delhi: India's total outstanding debts stood at Rs 39,38,474 crore as of fiscal 2010-11. Of this, internal debt accounts for Rs 37,80,835 crores and external debt Rs 1,57,639 crore.
The external debt as on March 31, 2011 includes Rs 1,752 crores as outstanding debt from USA.
This was stated by Minister of State for Finance Namo Narain Meena in a written reply in Lok Sabha. The amount of annual interest on outstanding debts for the financial year 2010-11 as per the Finance Accounts was Rs 2,34,022 crore which is 19.5 per cent of budget allocation of the year 2010-11.
The total interest includes Rs 50.75 crore as interest on debt from USA.