NSE CEO Calls for Boost in India's Corporate Bond Market to Fulfill Viksit Bharat 2047 Ambitions

Ashish Kumar Chauhan, NSE's MD and CEO, highlighted the need for expanding India's corporate bond market to achieve the Viksit Bharat 2047 vision. While retail participation has surged, structural challenges and low foreign investor involvement persist, necessitating policy action and market reforms to stimulate growth.

In a pointed address at the CareEdge Debt Market Summit 2026, Ashish Kumar Chauhan, Managing Director and CEO of the National Stock Exchange (NSE), emphasized the critical need to expand India's corporate bond market significantly. He cited its pivotal role in realizing the Viksit Bharat 2047 goal.

Despite impressive growth in the market, it remains much smaller compared to its global counterparts, with challenges continuing to impede its expansion. India’s corporate bond market now stands at Rs 59.1 lakh crore, accounting for 17.1% of GDP, up from 11.7% in FY12. However, this needs to double to meet long-term financing needs, he noted.

Chauhan also highlighted the burgeoning retail participation in the bond market, driven by digital advancements and regulatory changes. Yet, the market's reliance on private placements limits broader access. He called for policy reforms to address foreign investor participation and enhance market liquidity. (ANI)