Which of the following countries has the lowest External Debt?
Show Hint
- United Kingdom
- France
- USA
- India
- China
The Correct Option is D
Solution and Explanation
External debt refers to the portion of a country’s debt borrowed from foreign lenders, including commercial banks, governments, or international institutions. It is usually expressed in absolute terms or as a percentage of GDP. Step 2: Compare the countries listed.
The United Kingdom, USA, and France are advanced economies with highly globalized financial systems and very large external debts (measured in trillions of dollars).
China also has a considerable level of external debt due to its global trade links and financial commitments.
India, however, has a comparatively much lower external debt, both in absolute terms and as a percentage of GDP, because its external borrowing is relatively conservative compared to the Western economies listed.
Step 3: Conclusion.
Among the listed options, India has the lowest external debt. \[ \boxed{\text{India}} \]
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