Coronavirus impact: States to step up borrowings, April may see 60% jump

Aggregate borrowing by states for the first quarter of the financial year is just 15 per cent more than that of last year, but going by the trend for April, it could be much more.
 

In April, states expect to borrow 60 per cent more than what they had in the same month last year. This is according to the indicative calendar of market borrowings released by the Reserve Bank of India on Wednesday. The states expect to borrow Rs 55,225 crore from the markets in April, against Rs 34,472 crore raised last year.
 

The higher numbers are hardly surprising