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Right time for India to raise funds through sovereign bonds, says chief economic adviser

Right time for India to raise funds through sovereign bonds, says chief economic adviser

Right time for India to raise funds through sovereign bonds, says chief economic adviser
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By Reuters Jul 9, 2019 12:02:25 PM IST (Published)

The government will study "risks and returns" to raise funds through sovereign bonds, possibly in the second half of the current financial year, said Chief Economic AdviserKrishnamurthy Subramanian at an event in Delhi.

This is a right opportunity for India to raise funds through overseas sovereign bonds at a much cheaper rate compared with those in the domestic market, the chief economic adviser said on Tuesday.

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The government will study "risks and returns" to raise funds through sovereign bonds, possibly in the second half of the current financial year, said chief economic adviser Krishnamurthy Subramanian at an event in Delhi.
Finance ministry officials said the government could raise about 10-15 percent of proposed Rs 7.1 lakh crore ($103.18 billion) government borrowings this fiscal year through sovereign bonds.
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