The world may worry that the government is under sitting its deficit but India's economic affairs secretary is confident that the government's market borrowing number of Rs 4.79 lakh crore is an outer limit and that if anything, it may be lower by Rs 10,000-20,000 crore.
Speaking to CNBC-TV18, R Gopalan said, it is too premature to look at FIIs as an option for the borrowing programme. He wants to ensure external debt is far less than other nations and also see that the short-term [FII] debt is not high.
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