Indian companies borrowed $2.2 billion abroad in November 2013. According to statistics on external commercial borrowings put out by the Reserve Bank of India, these borrowings were at a weighted average maturity of 6.27 years. Among the largest borrowers in that month were the Indian Railway Finance Corporation ($400 million) and Oil India ($250 million). Indian companies had borrowed $1.9 billion in October 2013.

For the current fiscal so far (April–November), Indian companies have borrowed $19 billion. About 917 companies borrowed $32 billion during the whole of the previous fiscal.

comment COMMENT NOW