Report looks at imbalance between equity & corporate bond markets amid India’s growth ambitions and diverse capital needs, while outlining strategy to unlock full potential.
For investors wary of China, looking at India makes sense. At more than $300 billion, Evergrande's liabilities alone are more than twice the size of India’s entire corporate bond market.
Last month, the RBI said it will finance at least Rs. 1 trillion of corporate-bond purchases by banks and use a mix of tools to keep debt yields under control.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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