Higher than budgeted revenue collections to help states cut market borrowing: Report

Rating agency Icra's chief economist Aditi Nayar on Friday forecast a 4.7 per cent decline in gross issuances of state development loans (SDL) at Rs 7.6 lakh crore. She expects the borrowing to be just Rs 2 lakh crore in Q3 and Rs 2.5 lakh crore in Q4.

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