India sets ₹7.86 lakh crore borrowing plan for second half of fiscal year

India’s government plans to borrow ₹7,86,000 crore through dated securities in the second half of the 2026–27 financial year, after consultation with the Reserve Bank of India. The finance ministry says the figure includes ₹15,000 crore of sovereign green bonds.

The borrowing is scheduled across 23 weekly auctions and maturities ranging from three to 50 years. The 10-year maturity has the largest stated share, at 26.3%. The ministry expects full-year market borrowing through dated securities of ₹15,99,506 crore, below the ₹17,20,000 crore budget estimate.

For the October–December quarter, the government also expects to issue ₹23,000 crore of Treasury Bills per week over 13 auction weeks, split among 91-day, 182-day and 364-day bills. The RBI has set the Ways and Means Advances limit for the second half at ₹50,000 crore to address temporary mismatches in government accounts.

These figures are a financing calendar, not a measure of new spending. Auction outcomes, yields and any changes to the schedule will depend on subsequent market conditions and official notifications.

Source: Ministry of Finance via Press Information Bureau, September 25, 2026.