NEW DELHI -- The Indian government will conduct its market borrowing for the current fiscal year in a non-disruptive manner, leaving enough space for private-sector borrowers, Finance Minister Pranab Mukherjee said Friday.

Mr. Mukherjee also said the government's revenue collections so far have been healthy and he doesn't expect any slippage in the fiscal year target of 7.9 trillion rupees ($178.32 billion). He was speaking at a news conference after a meeting with the chief executives of state-run banks.

The government plans to borrow a net 3.43 trillion rupees from the market in the fiscal year that began April 1, as it aims to narrow its fiscal deficit to 4.6% of gross domestic product from 5.1% last year.

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