Correct option is D
Correct Answer:(d) US$ 521.1 billion
Explanation:
According to the Economic Survey 2018-19, India's external debt stood at US$ 521.1 billion at the end of December 2018. This represented a 1.6% decrease from the level recorded at the end of March 2018.
Key Points for Exam:
● External Debt Level: US$ 521.1 billion as of December 2018.
● Trend: 1.6% reduction compared to end-March 2018.
● Debt Sustainability: Indicators suggest that India's external debt remains manageable.
● Liabilities-to-GDP Ratio: Declined from 43% in 2015 to approximately 38% by the end of 2018.
● Foreign Direct Investment (FDI): The share of FDI in total liabilities increased, indicating a shift towards more stable funding sources.