The debt service ratio is the ratio of debt service payments made by or due from a country to that country’s export earnings. Debt Service Ratio declined from 17.1% in 1999-2000 to 4.5% in 2012-13.
During this period, Forex Assets (excluding gold) grew at a Compound Annual Growth Rate (CAGR) of 16.6% from USD 35.1 billion in 1999-2000 to USD 259.6 billion in 2012-13, External Debt grew at a CAGR of 10.5% from USD 98.3 billion in 1999-2000 to USD 360.4 billion in 2012-13 and Short Term Debt grew at a CAGR of 26.5% from USD 3.9 billion in 1999-2000 to USD 83.2 billion in 2012-13.
During 1999-2013, Forex Assets (excluding gold) reached to its highest value of USD 260.6 billion in 2011-12.