You do know that 80% of the external debt is maintained by Indian private companies and not govt?India's financial situation is well known to the entire world - that is, India has more poor people than all of Africa put together.. That was situation 10 years ago, that was the situation 5 years ago and that is the situation today. I'm afraid I don't see end to this situation.
You guys seriously think that India can grow like China? Just look at India's pathetic Nominal GDP Per Capita. Why don't you also mention India's external debt of $485 billion in big fonts next time?