NEW DELHI, Dec 22 (PTI): India's corporate bond market, which stands
below 5 per cent of the GDP at present, has the potential to reach to a
level of 15 per cent during the 12th Five Year Plan (2012-17) on back of
policy and regulatory reforms, according to a survey by CII.
"A robust corporate bond market is imperative to meet the funding needs of the emerging Indian economy. Concerted policy and regulatory reforms hold the key for the private sector to meet its target share of 47 per cent in total infrastructure investment during the 12th Plan," CII Director General Chandrajit Banerjee said.
As per findings of the survey, 57 per cent of industry stakeholders, including issuers, investors, market makers, credit rating agencies and technical experts believe that the actual potential of corporate bond market as a percentage of GDP is 12.5 to 15 per cent which could be realised with the help of policy and regulatory reforms.
"A robust corporate bond market is imperative to meet the funding needs of the emerging Indian economy. Concerted policy and regulatory reforms hold the key for the private sector to meet its target share of 47 per cent in total infrastructure investment during the 12th Plan," CII Director General Chandrajit Banerjee said.
As per findings of the survey, 57 per cent of industry stakeholders, including issuers, investors, market makers, credit rating agencies and technical experts believe that the actual potential of corporate bond market as a percentage of GDP is 12.5 to 15 per cent which could be realised with the help of policy and regulatory reforms.
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