Indian Government to Borrow ₹6.55 Lakh Crore in Second Half of Financial Year

Indian Government to Borrow ₹6.55 Lakh Crore in Second Half of Financial Year

The Indian government announced its plan to borrow ₹6.55 lakh crore from the market through dated securities in the second half of the financial year, aligning with its budget estimate. This borrowing will include a new 50-year security for the first time, showcasing the government’s focus on long-term sustainability. Additionally, ₹20,000 crore will be raised through sovereign green bonds, highlighting the commitment to environmentally-friendly financing. Analysts view this adherence to borrowing plans as a demonstration of fiscal prudence, which should help alleviate concerns in the market amidst global economic challenges. By remaining on track with its budget estimate, the government aims to instill confidence and stability in the financial sector.

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TIS Staff

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