India may be getting jittery about rising yields on government bonds ...Middle East

Quartz - Economy

The Indian government seems worried that the interest, or yield, on the bonds it issues has surged way too much. If this continues, it fears that repaying loans will drain it of considerable funds.Despite the substantial increase in tax revenue over the years, almost half of it still goes towards debt servicing. Overall, the government’s interest outgo for the financial year 2023 is likely to be higher than the 9.4 lakh crore rupees ($121 billion) projected in this year’s budget.On May 4, the yield on its benchmark bond that matures in 10 years hit a three-year high of 7.4%, up 67 basis points since the beginning of this year.Read the rest of this story on qz.com. Become a member to get unli

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India may be getting jittery about rising yields on government bonds ...Middle East

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