“No additional borrowing than what we had already planned,” Chawla said, after attending the High level Coordination Commmittee on Financial Markets here.
The borrowing by the Indian government this year is estimated at Rs 4,51,000 crore in the current financial year as against Rs 3,06,000 crore in the previous year.
Chawla said that ballooning inflation warrants administrative actions, rather than action by way of policy instruments.
“Essentially this (high inflation), requires administrative action in terms of the response to make available essential commodities and food products,” Chawla said.
“Food inflation is a larger part of the inflation now..therefor there is not much can be done by other polciy instruments including policy instruments,” Chawla said.
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