India is developing nation which is steadily progressing on planned track of development. India is continuously facing some basic hurdles .i.e. External Debt, Poverty, Excessive population, etc. however we belong to the country having sufficient and appropriate resources but as we know “A money in saving account is immaterial until it Invest” . We are facing the crucial issue of debt weather internal or external, almost unable to manage it despite of having sufficient resources. External Debt of India is steadily increasing as the age of India.