 "borrowing, fiscal deficit, market, stimulus")
There is "very limited" space for fiscal stimulus as the government's revised market borrowing of Rs 12 trillion, is expected to be used largely for meeting revenue shortfall, India Ratings & Research said on Friday.
The government had budgeted Rs 7.8 trillion in gross market borrowing, in the current fiscal, but following Covid-19 disruptions, it had last week announced an additional borrowing of Rs 4.2 trillion, taking the total to Rs 12 trillion, primarily to meet the likely revenue shortfall.
According to India Ratings chief economist Devendra Kumar Pant, the enhanced gross borrowings of Rs 12 trillion will largely take
