Bond markets in India have diversified to a large extent but there is still potential for development and reduction in the cost of borrowing for the government as well as private borrowers. Elaborate. (150 Words)
Introduce by describing what is a Bond and bond market in India
Through a diagram show different types of bonds (like corporate bonds, Municipal Bond, Government bonds, etc.)
Elaborate the role of the bond market in supporting the stable economic growth of the country. Highlight new developments like AT-1 bonds, RBI scrapping Ad-hoc treasury bonds for Ways and Means advances, etc.
Discuss the shortcomings in Bond markets in India and ways to tackle it