Overseas borrowing surges to 5-year high

India's private sector is witnessing a surge in investment, with companies securing a record $11 billion in external commercial borrowings (ECBs) in March 2025. This five-year high, driven by confidence in India's economic prospects, saw approvals granted to firms like Foxconn's Yuzhan Technology and JSW Steel. For FY25, total ECB proposals reached $61.