FY25 gross market borrowing is pegged at Rs 14.13 lakh crore is lesser compared to current fiscal year budgeted borrowing of 17.86 lakh crore. Lesser borrowing by the government will be beneficial for the private sector and households as it will put more money on the table for them. The India 10 Year Bond Yields slipped below the 7.1% triggering a sharp rally in the bond markets. This will also pave the way for RBI to start cutting rates sooner compared to other economies.