New Delhi, September 26, 2025 — The Government of India has unveiled plans to borrow up to ₹6.77 lakh crore from the market in the second half of fiscal year 2025-26. Of this, ₹10,000 crore will be raised through Sovereign Green Bonds (SGrBs), underscoring a strong commitment to sustainable and environmentally responsible financing.
Borrowing Framework
- A total of 22 auctions are scheduled, beginning September 29.
- The first auction aims to raise ₹32,000 crore via 10-year Government of India (GoI) bonds.
- The final auction is slated for March 6, 2026.
- Gross borrowing for the full fiscal year is now projected at ₹14.72 lakh crore, slightly lower than the earlier estimate of ₹14.82 lakh crore.
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Chief Economic Advisor Speaks
V. Anantha Nageswaran, Chief Economic Advisor to the government, emphasized, “We are confident of maintaining our fiscal deficit targets. There will be no changes in the second-half borrowing plan. This strategy aligns fully with the government’s development and fiscal objectives.”
Focus on Green Investment and Sustainable Growth
The ₹10,000 crore to be raised through Sovereign Green Bonds will be channeled into environmentally sustainable projects. Experts believe this step will not only support India’s economic growth but also advance its green development agenda.
Conclusion
The government’s borrowing strategy represents a careful balance of fiscal discipline, infrastructure expansion, and sustainability. In the coming months, funds mobilized through 22 auctions and green bonds are expected to strengthen India’s development trajectory and reinforce economic stability.
