India is set to embark on a significant market borrowing spree, with plans to raise $90 billion in the April-September period. This move comes as the country aims to finance its widening fiscal deficit and support its economy amidst the ongoing challenges posed by the COVID-19 pandemic.
The borrowing plan, which was announced by the government, outlines the issuance of a mix of treasury bills and bonds to raise the targeted amount. The funds raised through these borrowings will be crucial in meeting the government's expenditure requirements and funding various development projects.
