New Delhi, Oct. 27 -- Numbers don't lie - they reveal revolutions.

The corporate bond market in India has been growing in stealth mode over the past few years and stood at Rs.53,63,554.56 cr ($626.72 Billion) as of 31st March 2025. But this year, a potential explosion in growth is on the cards.

The table above depicts trading volume and the number of trades in the Indian corporate bond market (secondary market).

Volumes stayed almost flat in FY18-FY24 but rose strongly in FY25 to Rs.17.10 lakh crore (+24.5% YoY). For the first half of FY 25-26, this number has already reached ~ Rs.11.89 lakh crore, and on an annualised basis, it is tracking ~ Rs.23.77 lakh crore in FY26 (projected +39% YoY).

The number of trades slipped for two years ...