Speaking at the industry body CIIs Global Economic Policy Forum event in the capital, Buch said: “This is hugely important for us as a country, not only because it will help the government raise resources, but once the Indian yield curve is established globally, on the back of that, the corporate bond market can also get a lot of traction, and a lot of interest from foreign investors.”
The corporate bond market has seen significant growth, with private placements raising ₹7.5 lakh crore in FY 22-23 and ₹4.15 lakh crore in FY 23-24. SEBI s initiatives and the government s asset monetization program are expected to further boost retail investor participation.
The corporate bond market has recovered significantly in recent months after the shocks caused by violations in issuance of several real estate developers.