Published Paper Details:

In India external assistance has taken in several forms. It includes outright grants, loans, repayable in rupees and loans repayable in foreign currencies. It is absolutely necessary for an developing country to relay to a large extent on foreign assistance for economic development. Such aid becomes necessary mainly to provide foreign exchange for purchasing capital equipment and industrial raw material from outside and for supplementing the capital and industrial raw material from outside and for supplementing the capital supply from domestic sources. India also found substantive foreign assistance when decided upon policy of planned economic development. Thus in order to cover the investment gap and the balance of payment gap the government of India has borrowed externally on a large scale. On this background the study focus on the performance of external debt in India from 2015-2016 to 2019-2020 and also examine the growth of sources of external debt by using statistical tools such as CAGR and AGR for the same period.