India's foreign reserves are comfortably placed at USD 461.2 billion as on January 10, 2020, says the Economic Survey 2019-20, tabled in Parliament on Friday by Finance and Corporate Affairs Minister Nirmala Sitharaman."External debt levels remained low at 20.1 per cent of GDP by the end of September 2019. India's external debt liabilities to GDP, including debt and equity components, has increased at the end of June 2019, primarily driven by an increase in FDI, portfolio flows and External Commercial Borrowings (ECBs)," adds the Survey.The Balance of Payments position improved to USD 433.7 billion by September 2019 from USD 412.9 billion of forex reserves in March 2019. This is on the back of Current Account Deficit (CAD) narrowing further to 1.5 per cent of GDP in the first half of 2019-20 from 2.1 per cent in 2018-19.Net FDI inflows remained buoyant attracting USD 24.4 billion in the first eight months of 2019-20, much higher than the corresponding period of 2018-19. Net overseas .
