India calls for deeper corporate bond market to finance long-term growth
What happened
At the 13th SBI Banking & Economics Conclave in Mumbai, Principal Secretary to the Prime Minister PK Mishra stated that India requires very large volumes of capital over the next two decades. He called for the financial system to shift from accommodating growth to enabling it, emphasizing the need to deepen the corporate bond market.
From aninews.in
Why it matters
Mishra noted that different economic areas require specific financing, such as long-tenure capital for assets with long gestation periods and risk capital for innovation. He stressed that the depth of the corporate bond market is linked to the health of bank lending.
From aninews.in
Who's involved
- MumbaiLocation where the discussion on national capital needs took place
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- BMCSpeculative
Commercial vehicle manufacturers might see improved access to long-term funding for infrastructure projects if the corporate bond market deepens.
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The entities involved
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Mumbai
capital city in Maharashtra, India
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