%A Ranjit K Pattnaik
%T Time ripe for sovereign external borrowing
%! Time ripe for sovereign external borrowing
%X The Union Finance Minister in her maiden budget speech on July 05, 2019 has made a significant announcement in paragraph 103 that reads: “India’s sovereign external debt to GDP is among the lowest globally at less than 5%.The Government would start raising a part of its gross borrowing programme in the external market in external currencies. This will also have beneficial impact on demand situation for the government securities.”
%U https://www.thebillionpress.org/columns/economy/time-ripe-sovereign-external-borrowing-1411