Indian government will borrow funds in 2023-24 to a record high of 16 trillion rupees

According to a survey of economists, the Indian government would borrow a historic record of 16 trillion rupees “$198 billion” in the fiscal year 2023-24.

The government took out a lot of debt in the recent years to have money for the pandemic, so the payback load is now fairly high for several years.“

This is still significantly higher than the norm of 4%–5% recorded during the 1970s and considerably over the goal of 4.5% by 2025–26.


The deficit has increased by more than twice what it was prior to the pandemic. The difficulty of repaying those borrowed money has increased due to rising bond yields.

The Indian govt’s capital spending will rise to hit record to 8.85 trillion rupees, or roughly 2.95% of GDP.