India government sharply increases borrowing, markets watch RBI
MUMBAI:The Indian government plans to borrow 12 trillion rupees ($160 billion) in the fiscal year to March 2021, up from the previously budgeted 7.8 trillion rupees to cushion the blow from the new coronavirus pandemic, it said on Friday. The “revision in borrowings has been necessitated on account of the COVID-19 pandemic”, the government and […]