According to a CRISIL Rating report, how much is the corporate bond market expected to grow by Financial Year 2030 in India?
Detailed Explanation:
CRISIL Ratings report projects India's corporate bond market to grow from ₹43 lakh crore (FY2023) to ₹100-120 lakh crore by FY2030, more than doubling in size.
Key growth drivers include a capital expenditure push of ₹110 lakh crore (FY2023-FY2027), rising infrastructure bond issuances (15% of annual issuances), strong NBFC funding requirements, and shift of household savings to financial instruments with managed fund assets expected to reach ₹315 lakh crore by FY2027.
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