India's external debt rises to over $221 bn
Driven by growing finance needs of Indian Inc, the external debt of the country soared 30.4 per cent to over $220 billion in the last fiscal. "The external debt was placed at $221.2 billion at the end of March 2008, recording an increase of $51.5 billion, or 30.4 per cent, over the end-March 2007 level," the RBI said in a release.
