Mumbai, Feb. 4 -- Emphasising the urgent need to deepen India's corporate bond market, National Stock Exchange (NSE) Managing Director and CEO Ashish Chauhan on Tuesday said that India's growth ambitions demand a strong, liquid debt market alongside its globally respected equity ecosystem.

"For years, we have all been discussing the need to deepen the corporate bond market--but now the time for action is more pronounced because India's growth ambitions and financing needs will not wait," Chauhan said while addressing the Inaugural Pan-India Outreach Program for Corporate Bonds.

Underlining the structural role of debt markets, Chauhan said bonds are essential for financing long-term national priorities.

"Banks are good for working capit...