Govt plans to borrow Rs 8.8 trillion in 1st half of FY24

India’s federal government plans to borrow 8.8 trillion rupees ($107.08 billion) – slightly above expectations – via bonds from the market in the first six months of the fiscal year starting April 1.

The planned April-September borrowing constitutes about 57.6% of the total 15.43 trillion rupees planned for the current fiscal year, the government said in a statement on Wednesday.