Publication: Developing India's Corporate Bond Market
Date
2006-12
ISSN
Published
2006-12
Author(s)
World Bank
Abstract
A well-developed corporate bond market
is essential for the efficiency and stability of a
country's financial system and the overall growth of
its economy. Issuers and investors' access to the
market provides for financial diversification and
facilitates necessary financing, which benefits not only
AAA-rated corporations but also less well known,
sub-investment grade corporations and infrastructure
developers. This note examines the state of India's
corporate bond market, identifies constraints that inhibit
its size and depth, and suggests reform measures that India
needs to take to develop its market into a competitive
source of financing for a wide range of issuers and an
attractive investment for a wide range of investors.
Recommendations are based not only on an assessment of
conditions in India, but also on relevant international experience.
Citation
“World Bank. 2006. Developing India's Corporate Bond Market. © Washington, DC. http://hdl.handle.net/10986/19625 License: CC BY 3.0 IGO.”