India firms H1 FY12 overseas borrowing at $17.75 bln - finmin official

Indian corporates have raised $17.75 billion through overseas borrowings in the first half of the current financial year 2011/12, Thomas Mathew, joint secretary in the finance ministry, said on Wednesday.

Rajat Gupta: The decline and fall of an Indian idol

Mathew also said he expects firms to borrow around $30 billion from offshore markets this financial year that ends in March .

Indian firms had borrowed $24.62 billion from overseas in the last fiscal year, he added.

SEARCH