New Delhi, Dec. 16 -- India needs a deeper, more liquid, and diversified corporate bond market to support long-term economic growth, infrastructure financing, and financial stability, according to a detailed policy report on deepening the corporate bond market in India.
The report underscores that despite steady growth over the past decade, India's corporate bond market remains small relative to the size of the economy and continues to lag behind global peers in scale, depth, and participation.
The report notes that India's corporate bond market has expanded in absolute terms, driven largely by regulatory reforms, improved disclosure standards, and the emergence of electronic trading platforms. However, corporate bonds still account for a...