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India may peg gross borrowing under Rs 16 lakh crore in FY24
India may peg gross borrowing under Rs 16 lakh crore in FY24
India's federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said. The second official said that based on the discussions held so far within the government, the view has emerged that borrowing should be consistent with the market's expectation.
India's federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said. The second official said that based on the discussions held so far within the government, the view has emerged that borrowing should be consistent with the market's expectation.
India's federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said. The second official said that based on the discussions held so far within the government, the view has emerged that borrowing should be consistent with the market's expectation. 
