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Modi govt taps household savings to tackle $346 billion debt load: Report

Modi govt taps household savings to tackle $346 billion debt load: Report

Mar 26, 2025, at 07:30 pm

New Delhi: Prime Minister Narendra Modi's administration is facing a record ₹29.7 trillion ($346 billion) in maturing sovereign bonds over the next five years, a legacy of pandemic-era borrowing and infrastructure spending. To manage this burden, the Reserve Bank of India (RBI) and the government are swapping maturing debt with longer-term securities, Bloomberg reported.

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