Reuters exclusively reported that India’s federal government may keep its gross market borrowing for 2024/25 close to this fiscal year’s level, as it looks to rein in its borrowings that have more than doubled, mainly due to pandemic spending.
Government
India may keep 2024/25 gross borrowings close to current year’s level
25 January 2024, 7:34 pm 1 minute
Market Impact
India may peg its gross market borrowing for next fiscal year at between 15 trillion rupees ($180.47 billion) and 15.5 trillion rupees, when Finance Minister Nirmala Sitharaman presents the federal budget on Feb. 1, the two officials aware of the development told Reuters.
Article Tags
Topics of Interest: Government
Type: Reuters Best
Sectors: Economy & PolicyFinancial Services
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
