India's Bond Markets Expand Funding Options Amid Infrastructure and NBFC Needs
India's bond markets are evolving as key funding sources for NBFCs, municipal infrastructure, and government entities like NHPC. Industry leaders highlight diversification from bank loans, longer-tenure funding, and rising retail and institutional participation as growth drivers. Challenges include limited foreign investment, technical funding squeezes, and the need for market infrastructure improvements. Innovative approaches such as pooled issuances and municipal bonds are gaining traction to address urban infrastructure financing gaps and deepen market liquidity.