Record State Borrowing Spree Pushes Indian Bond Yields Higher
Published on: Aug. 28, 2025, 8:22 a.m. | Source: NDTV Profit
Record borrowing by Indian states is weighing on the local bond market, pushing up funding costs for companies and the federal government. Net borrowing by the country’s local governments surged 33% to 2.2 trillion rupees ($25 billion) by Aug. 15, according to Reserve Bank of India data.
