News Summary

• The report stated that India’s economy needs significantly more long-term capital, but the current debt market cannot meet those financing needs efficiently.
• To realise the ambition of becoming a $7.3 trillion economy by 2030, the debt market must bridge this gap efficiently.
• According to Deloitte, price signals across the yield curve remain muted, risks are not adequately differentiated across borrowers and financial instruments, and a large volume of offshore non-deliverable forward (NDF) trading in the rupee often operates at odds with the domestic market.