How does India’s external debt affect you?

More than 40% of India’s external debt, or $267 billion of the total $621 billion, is due for repayment in the next 9 months. This is equivalent to 44% of India’s forex reserves. The rupee has been falling consistently, recording new lows every few days, and it could face further pressure as the record external debt comes up for repayment. What does this mean for you? Please listen to the latest episode of All Indians Matter.