India's external debt is the money that India owes to other countries and international financial institutions. As of March 2022, India's external debt was $620.7 billion. The top 5 creditors of India are:

India's external debt is the money that India owes to other countries and international financial institutions. As of March 2022, India's external debt was $620.7 billion. The top 5 creditors of India are:

1. International Development Association (IDA) (World Bank): $30.7 billion
2. Asian Development Bank (ADB): $24.9 billion
3. International Bank for Reconstruction and Development (IBRD) (World Bank): $19.6 billion
4. Japan: $16.3 billion
5. United States: $14.5 billion

These creditors hold about 60% of India's external debt. The remaining 40% is held by a variety of other countries, including China, the United Kingdom, and Germany.

India's external debt is not considered to be a major problem. The debt-to-GDP ratio is relatively low, at about 23%. This means that India has the capacity to repay its debts. However, the government is taking steps to reduce the debt burden, such as by increasing exports and attracting foreign investment.

Currently, there are no debts taken from India by other countries. India is a net creditor country, meaning that it holds more foreign assets than it owes to foreign creditors. As of March 2022, India's external debt stood at $620.7 billion, while its foreign assets were $785.4 billion. This means that India has a net creditor position of $164.7 billion.

However, there is a historical precedent for debts being taken from India by other countries. During the British colonial period, India was forced to borrow large sums of money from the UK government. These debts were used to finance the British Raj, and they were a major drain on the Indian economy. It is estimated that the total amount of debt that India owed to the UK at the time of independence was around £900 million.

After independence, India began to repay this debt, but it was not until 1976 that the final payment was made. The repayment of this debt was a major financial burden for India, but it was seen as a necessary step to achieve economic independence.

Today, India is a strong and growing economy, and it is no longer reliant on foreign debt. However, the historical legacy of British colonialism continues to impact the Indian economy, and the repayment of the colonial debt was a significant milestone in India's journey to economic independence.