Overall gross borrowings by centre and the states is likely to be around Rs 21 lakh crore in FY'23 compared with Rs 19.7 lakh crore in FY22 with net borrowings around Rs 14.8 lakh crore (Rs 15 lakh crore in FY22). "For FY'23, the fiscal consolidation should remain limited to 30-40 bps from the current fiscal" said S K Ghosh, group chief economic advisor at State Bank of India.from Stocks-Markets-Economic Times
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