32.What is External commercial borrowing? [A] borrowings of Indian government [B] Foreign investments in India [C] Indian investments abroad [D] Indian corporations accessing foreign funds Show Answer
External Commercial Borrowings (ECB) refer to commercial loans [in the form of bank loans, buyers' credit, suppliers' credit, securitised instruments (e.g. floating rate notes and fixed rate bonds)] availed from non-resident lenders with minimum average maturity of 3 years.
