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Cheered by Budget, bond market now needs friendly RBI policy

Aparna Iyer   •

A lower deficit automatically translates into a lower supply of bonds from the government. Indeed, the gross borrowing of the government is pegged at Rs 14.13 lakh crore, lower than Rs 15.43 lakh crore for FY24.

Sitharaman said the Budget is seeking fiscal consolidation and set the fiscal deficit at 5.1% of GDP for FY25 lower than last year’s fiscal deficit at 5.8% of GDP. The speech also stated that the government aims to reduce fiscal deficit to below 4.5% by FY26

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