India’s central government remains steadfast in its fiscal strategy, confirming it will not pursue additional borrowing in the current financial year, adhering to the budgeted target of Rs 15.43 lakh crore. In line with its borrowing calendar, the finance ministry plans to raise Rs 6.55 lakh crore in the latter half of FY24, featuring the introduction of 50-year bonds for the first time, addressing market demand for extended-duration securities. The government also aims to raise Rs 20,000 crore through green bonds in FY24. The borrowing distribution spans various maturities, including 3, 5, 7, 10, 14, 30, 40, and 50-year securities, showcasing a strategic approach to manage the country’s financial obligations.