India's external debt at the end of September 2015 was $483.2 billion, an increase of $8 billion over the March 2015 position, mainly due to a rise in external commercial borrowings and NRI deposits.

However, the debt was down $291 million when compared to the June-end level.

In terms of tenure, long-term debt was $397.1 billion, an increase of $7.4 billion from March 2015, while short-term debt stood at $86.1 billion.

Long-term external debt accounted for 82.2% of the total, while the remaining was short-term external debt.

Commercial borrowings accounted for 37.7% of the total long-term debt, followed by NRI deposits at 25.2% and multilateral debt at 11%. The statistics were released by the government on Thursday.

Out of $483.2 billion, sovereign debt was $88.9 billion, while non-government debt was $394.3 billion.

India's foreign exchange reserves provided a cover of 72.5% to the total external debt stock at end-September 2015, as against 71.9% at end-March 2015.

The ratio of short term external debt to foreign exchange reserves was 24.6% at end-September 2015 as against 25% at end-March 2015, the statement said.