MarketData
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Fixed Income And Currency Market
31 Jan 2021
Bond yields poised to surge unless RBI and Government allay fears of supply – Union Budget 2021-22
The bond market can expect a minimum of Rs 7 trillion of net central government borrowing and Rs 7 trillion of state government borrowing for the fiscal year 2021-22. The Union Budget for 2021-22 is expected to be inflationary, as the government spends to push up GDP growth to double digit levels. Assuming that fiscal deficit of center and states is pegged at 5% and 4% of GDP respectively for fiscal 2021-22.
Arjun Parthasarathy
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