India Poised to Exceed $163 Billion Borrowing Target
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes in an arranged photograph in Bangkok, Thailand. (Photographer: Brent Lewin/Bloomberg)

India Poised to Exceed $163 Billion Borrowing Target

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(Bloomberg) -- India is set to exceed its annual borrowing target after the world’s biggest lockdown decimated the government’s revenue collection goals, people with knowledge of the matter said.