Development of Corporate

Bond Market in India

Akhil Yerawar

 Government Bond: steady growth over the years

due to the need to finance the fiscal deficit
The corporate bond market on the other hand is
just 1.6 per cent of GDP in end-2010
Value of O/S Corporate Bonds as % of GDP
The under development of
40
the corporate bond market
30
in India is not incidental
20
and is mainly attributable
10
to the structure of the
0
Indian financial system
and regulatory structure