Finance Minister
This is lower than last year's gross borrowing estimate of Rs 15.43 lakh crore, which was the highest ever.
"The gross and net market borrowings through dated securities during 2024-25 are estimated at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively.
"Both will be less than that in 2023-24. Now that private investments are happening at scale, the lower borrowings by the central government will facilitate larger availability of credit for the private sector," she had said.
There are signs of private investment picking up in the steel and cement sector due to massive capital expenditure by the government.
Against the estimate of Rs 10 lakh crore for 2023-24, the government has earmarked Rs 11.11 lakh crore during the next year.