Mint Quick Edit | High government spending is a global concern—India is no exception
India’s benchmark 10-year central government bond yield (G-sec) has risen nearly 40 basis points (0.4 percentage points) over the past three months to reach 7.3%. Given the global context, the rise does not seem alarming. Yet, it signals growing concerns about high government spending. Corporate bond yields have also risen in tandem, raising borrowing costs for firms.
