India to Exceed Its Record Borrowing Target as Economy Slows
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India will exceed its unprecedented borrowing target in the year ending March 31 as it attempts to close a budget shortfall amid slowing revenue collections, a finance ministry official said today.
The ministry will unveil a new calendar for borrowings on Jan. 2, the official said, declining to be identified before a public announcement. The government hasn’t finalized the size of additional borrowings, the official said.