India’s central government will raise ₹17.2 lakh crore through gross market borrowings in 2026-27, Finance Minister Nirmala Sitharaman said on Sunday while presenting the Union Budget.
Net market borrowings for the year are pegged at ₹11.7 lakh crore, reflecting the government’s financing requirement after accounting for redemptions.
The borrowing plan comes at a time when bond yields have hardened in recent months, as heavy borrowing by both the Centre and states has tested demand for government securities. Elevated supply in the debt market has weighed on prices, keeping yields under upward pressure despite expectations of monetary easing.
Net market borrowings for the year are pegged at ₹11.7 lakh crore, reflecting the government’s financing requirement after accounting for redemptions.
The borrowing plan comes at a time when bond yields have hardened in recent months, as heavy borrowing by both the Centre and states has tested demand for government securities. Elevated supply in the debt market has weighed on prices, keeping yields under upward pressure despite expectations of monetary easing.
