India may keep 2024/25 gross borrowings close to current year’s level | Reuters News Agency
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Government
25 January 2024, 7:34 pm 1 minute
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.
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
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