The Government of India will borrow ₹8.00 trillion in April-September, accounting for 54% of the gross market borrowing target of ₹14.82 trillion for 2025-26. The borrowing amount for the first half came lower than market expectation of around 56%-59%.In a shift in maturity preferences, the government has slightly reduced its reliance on ultra-long-term bonds (maturities of 30-50 years), with their share falling to 35% from 38% in the previous fiscal. Simultaneously, there is a modest increase in the share of 10-year bonds to 26% from 24% and in the 3-7 year segment to 25% from 23.5%.
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