Economic Affairs Secretary Anuradha Thakur has said the record gross market borrowing target of Rs 17.2 lakh crore for the upcoming financial year (FY27) announced by the government in budget, will be carried out in a non-disruptive manner, and ensuring that enough funds are available for the private sector. She said the borrowing programme also includes Rs 5.5 lakh crore for repayment. So, net market borrowing has been pegged at Rs 11.73 lakh crore for FY27, which is broadly in line with past levels. She noted that for FY26, the government had estimated gross market borrowings of Rs 14.61 lakh crore as against the budget estimate of Rs 14.82 lakh crore. 

Talking about the Budget announcement related to Alternative Investment Funds (AIFs), Economic Affairs Secretary said the industry's long-pending demand has been accommodated in this Budget. They were demanding that if the Limited Liability Partnership (LLP) Act can be modified and amended, and aligned with the functional requirements of AIFs. The amendments aim to remove operational constraints faced by AIFs, which often operate as trusts, by allowing them to transition into or operate as LLPs. She said there will also be rationalisation of document filing for entry and exit of partners, and added that these amendments are going to be of a nature that, by becoming LLPs, their liability will be limited. 

Besides, she said the Budget proposal of permitting Persons Resident Outside India (PROIs), including non-resident Indians (NRIs) and foreign investors, to buy and sell Indian stocks through the portfolio investment scheme (PIS) route is another important announcement to increase foreign currency flow. She said the Budget also proposed to increase the investment limit for an individual PROI under this scheme from 5 per cent to 10 per cent, with an overall investment limit for all individual PROIs to 24 per cent, from the current 10 per cent.