India, March 29 -- The Government of India, in consultation with the Reserve Bank of India (RBI), has finalised its borrowing programme for the first half (H1) of the financial year 2026-27.

According to the official statement of the finance ministry, the gross market borrowing for FY27 was budgeted at Rs 17.20 lakh crore. However, following the conduct of switching operations in government securities (G-Secs) after the Budget presentation, the gross borrowing has been revised down to Rs 16.09 lakh crore.

Out of the revised borrowing, Rs 8.20 lakh crore, accounting for 51 per cent, is planned to be raised in H1 through issuance of dated securities. This includes Rs 15,000 crore through Sovereign Green Bonds (SGrBs). The government will ...