New Delhi, February 9, 2012 : The Government of India’s public debt in the September-December quarter increased by 3.2 per cent to Rs 33,82,645 crore over the previous quarter. The outstanding internal debt of the Government constituted 33.9 per cent of GDP compared with 32.7 per cent at end-September 2011. The public debt at the end of September quarter was Rs 32,76,368 cr. In view of a shortfall in other financing items, market borrowings through dated securities increased during the second half of the fiscal by Rs 52,872 crore against the Budget estimates.
The 10-year bond yield increased from 8.44 per cent at end-September 2011 to 8.54 per cent at end-December 2011. The yields went up sharply during the quarter due to policy rate hike of 25 bps by the Reserve Bank on October 25 as well as supply concerns.
