In fact, gross FDI inflows in India were at a record high of $ 61 billion in 2017–18. 17. Further, external debt to GDP ratio has fallen from 22.4 per cent at end-March 2013 to 20.8 per cent at end-September 2018.
Other external indicators, viz., import cover and short-term debt to reserves ratio are also better, relative to the taper talk period of mid-2013 when the Indian rupee had come under severe pressure). Challenges and Outlook 18. India is widely believed to remain world’s fastest-growing major economy in the medium to long term.