New Delhi plans to borrow 17.2 trillion rupees (US$187 billion) in the year starting April 1, Finance Minister Nirmala Sitharaman said in her budget speech on Sunday. That represents an increase of about 18% from the current year’s revised number and is higher than the 16.5 trillion rupees estimated in a Bloomberg News survey. The increase may pressure sovereign bond yields, which are near the highest in almost a year amid heavy issuance by state governments and softening demand from pension and insurance funds. That’s slightly higher than the current year’s revised figure of 11.3 trillion rupees. Redemptions in the coming fiscal year are pegged at about 5.5 trillion rupees, a nearly 70% annual increase.

Source: The Edge Markets February 01, 2026 13:09 UTC