Foreign lending surges in India, firms raise record $11bn in March
India saw a rise in external commercial borrowings (ECBs) in March 2025, with private sector firms raising a record $11 billion, highest in over six years, RBI data stated. Around $8.3 billion was routed through automatic channel, while $2.7 billion came through approval route. Jump in ECBs mark trend among corporates to tap into international credit markets for cost-effective financing.