India set to unleash wave of debt funding

A slew of measures introduced by the Indian government to boost capital markets activity is already paying off.

India set to unleash wave of debt funding

India’s new government looks to unleash a fresh wave of debt funding to help meet the country’s chronic financing needs as bank lending dries up.

After the elections in May the Reserve Bank of India introduced a slew of measures to boost capital markets activity, including slashing withholding tax on bonds and relaxing capital controls.

These steps are expected to pick up the slack created by a drop in bank lending, with...

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