Indian government's gross liabilities rose 3.4% to Rs 171.78 trillion by March 2024, with public debt at 90.2%.
Indian government's gross liabilities increased by 3.4% to Rs 171.78 trillion by March 2024, with public debt at 90.2% of total gross liabilities. Lower borrowing plans, reduced fiscal deficit, FPI inflows, and steady inflation led to a softer yield on Indian domestic bonds. Commercial banks' share in holding central government securities rose to 37.7%, while the RBI's share declined to 12.3%.
June 28, 2024
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