Government's Strategic Borrowing: Balancing Growth with Private Sector Needs
Economic Affairs Secretary Anuradha Thakur discussed the government's borrowing strategy of Rs 17.2 lakh crore, ensuring non-disruptive implementation to support the private sector. The new budget includes measures for AIFs and foreign investments, accommodating long-standing industry demands and enhancing foreign currency flow.
- Country:
- India
In a strategic move to ensure economic stability, Economic Affairs Secretary Anuradha Thakur confirmed that the government plans to borrow Rs 17.2 lakh crore in the upcoming financial year. This borrowing, aimed at balancing fiscal goals with private sector needs, will be managed non-disruptively.
Speaking to PTI, Thakur emphasized that the net borrowing will be Rs 11.73 lakh crore, with Rs 5.5 lakh crore allocated for repayment. Despite concerns about the potential crowding out of private investments, she assured stakeholders that the borrowing is based on careful analysis and aligns with previous fiscal patterns.
The Budget also addresses Alternative Investment Funds (AIFs) and enhances opportunities for Persons Resident Outside India (PROIs). By amending legal structures and increasing investment limits, the government seeks to bolster economic growth through diversified and inclusive investment strategies.
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