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India Budget to lift borrowing to record, testing bond yields
The Economic Times· 2026-01-28 01:29
Finance Minister Nirmala Sitharaman’s Feb. 1 budget may set the gross borrowing 11% higher at 16.5 trillion rupees ($180 billion) in the fiscal year starting April 1, according to the median estimate of 21 economists in a Bloomberg survey.The rise, driven by large debt maturities of about 5.5 trillion rupees, comes as heavy state government issuance pushes up yields. Higher Net borrowing, which excludes repayments, will be a tad higher at 11.6 trillion rupees, according to the poll. While economists expect ...