India will have to borrow a record Rs. 4.6 trillion ($100 billion) in the coming financial year, reported a survey on Tuesday.

The report which considers the median of the forecasts given by 13 economists revealed that the total debt sales of India may rise by 2 per cent. This is for the whole fiscal that starts from April 1 and in monetary terms it would be Rs. 4.51 trillion. The study has also taken into consideration important investors as well.

The large debt burden is going to be difficult to manage because the government will have to make payments which have doubled because of the high rate of inflation. It also has to go ahead with its stimulus plans, as UPA plans to be remove them in a phased manner.

However, eminent economists like Chakravarthy Rangarajan, believe that the fiscal deficit and the budget deficit are going to come down. Rangarajan, PM's top economic advisor, predicts that the fiscal deficit will narrow down to
5.5 per cent from 6.8 per cent. This is going to happen since the revenue receipts are expected to increase.

The news comes when India is preparing itself for the Budget.