GO FOR A VIBRANT BOND MARKET
The pandemic has not only altered the country’s economic trajectory, it has also brought to the fore the need to focus on social infrastructure. For long, nature has been warning us to shift towards sustainable growth models. Government policy and direction are central to achieving this, be it through infrastructure build-outs, fiscal stimulus or retooling of the economy to address health, inequality and climate change challenges.
Two areas stand out, ripe with possibilities for India and India Inc. alike. One is the under-developed, yet expanding, corporate bond market. The second is something that’s been getting serious attention the world over: environmental, social and governance (ESG)-driven investing.
DEEPENING OF THE CORPORATE BOND MARKET
The fulcrum of the government’s India development (and now building-back) strategy is the National Infrastructure Pipeline (NIP), which envisages ₹111 lakh crore investments lakh crore between fiscals
