Govt may retain or cut bond borrowings for current fiscal on robust revenue

India may keep its market borrowing plan for the financial year intact, with a recent uptick in revenues likely to lead to a discussion on whether the target can be reduced, according to people familiar with the matter.
 

The government may stick to its borrowing target of 14.3 trillion rupees ($179 billion) for the year to March 2023, while there is a chance it might get lowered given the rise in revenues, the people said, asking not to be identified as the discussions are private.

A decision would be taken later this month when finance ministry officials hold consultations with