The finance ministry reported a slight increase in the total gross liabilities of the government to Rs 160.69 lakh crore by December 2023 from Rs 157.84 lakh crore in September. Public debt comprised 90 percent of total gross liabilities during this period. The quarter saw fluctuations in Indian domestic bond yields, influenced by factors like declining crude oil prices, lower-than-expected domestic CPI prints, and news about possible inclusion of Indian Government Bonds in a major global emerging market index.
