On February 1, Sitharaman in her last Budget of the Modi 2.0 government announced that the gross and net market borrowings through dated securities during 2024-25 are estimated at Rs 14.13 and 11.75 lakh crore, respectively, which are lower from FY 2023-24. The move is aimed at facilitating a larger availability of credit for the private sector, the FM had said.
A vote on account is designed to be a presentation of the country’s fiscal accounts in an election year. With India’s inclusion in bond indices, the transparency of its macro numbers will be under greater scrutiny than ever before.