Bond market funds 76% of states' deficit, up from 50% in FY17
Bond market funds 76% of states' deficit, up from 50% in FY17
Indian states' fiscal deficits are widening slightly, with market borrowing now funding the majority of their needs. Funding patterns are becoming more disciplined, with longer-term securities and lower borrowing costs. However, demographic shifts are creating distinct fiscal challenges and opportunities for younger versus older states.
Indian states' fiscal deficits are widening slightly, with market borrowing now funding the majority of their needs. Funding patterns are becoming more disciplined, with longer-term securities and lower borrowing costs. However, demographic shifts are creating distinct fiscal challenges and opportunities for younger versus older states.
Indian states' fiscal deficits are widening slightly, with market borrowing now funding the majority of their needs. Funding patterns are becoming more disciplined, with longer-term securities and lower borrowing costs. However, demographic shifts are creating distinct fiscal challenges and opportunities for younger versus older states. 
