RBI says India’s external sector is resilient, with high forex reserves and a stable debt-to-GDP ratio despite rising debt.

• Forex reserves at $696.7B cover 11 months of imports and 95% of external debt as of July 11, 2025.
• External debt rose to $736.3B in FY25; debt-to-GDP ratio up slightly to 19.1% from 18.5% a year ago.
• RBI highlights India’s favorable external indicators compared to other large emerging markets.