NEW DELHI, March 16 The Indian government's gross market borrowing for the fiscal year that starts next month is estimated at 5.696 trillion rupees ($113.19 billion), the annual budget document showed on Friday. Analysts expected New Delhi to borrow 5.3 trillion rupees in 2012/13. The federal government has borrowed 5.1 trillion rupees in the current year that ends on March 31. ($1=50.32 Indian rupees) (Reporting by Manoj Kumar)
The gross market borrowing for the Indian government will be more in the next fiscal year than the current fiscal year.
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