Tax & Spend

India to Sell $171 Billion Bonds Next Year to Fund Deficit

  • Net borrowings estimated at 11.54 trillion rupees: Sitharaman
  • Bonds may see a minor correction on Monday, Pawar says
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Modi government presented its first full-year budget in his third term. Follow Bloomberg India on WhatsApp for exclusive content and analysis on India's pitch to the world. Sign up here.

India announced slightly higher-than-expected bond sales of 14.82 trillion rupees ($171 billion) for the next fiscal year to fund its fiscal deficit.