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Govt to borrow more in H1 of FY11 - Ahluwalia

Source REUTERS
Last Updated: Tue, Mar 09, 2010 18:30 hrs
Govt to borrow more in H1 of FY11 - Ahluwalia

The government will borrow more during the first half of the fiscal year that begins April 1 than in the second half, a top policy adviser said on Tuesday.

The government plans to borrow a record 4.57 trillion rupees ($100 billion) in 2010/11 and Montek Singh Ahluwalia, deputy chairman of the Planning Commission said India would have no difficulty in managing this.

(Reporting by Manoj Kumar; Editing by Surojit Gupta)

(For more news on Reuters Money visit http://www.reutersmoney.in)

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