India's debt has trebled in 9 years…so has tax collection
Centre's debt moved up from 49.9% of GDP in FY14 to 55.2% by Sept 2022. Core debt of govt sector in G-20 nations grew from 76.1% to 89.2% while from 39.2% to 61.8% in EMEs
Centre's debt moved up from 49.9% of GDP in FY14 to 55.2% by Sept 2022. Core debt of govt sector in G-20 nations grew from 76.1% to 89.2% while from 39.2% to 61.8% in EMEs
Sovereign Green Bonds will be launched in the second half (H2) of FY24.
The borrowing is scheduled to be completed in 26 weekly tranches of ₹32,000-33,000 crore, spread under securities maturing in 2, 5, 7, 10, 14, 30 and 40 years.
Centre’s borrowing plan of ₹15 lakh crore for FY23 seen influencing MPC to pursue accommodative stance.