Vol. 1, Issue 12, Part C (2015)

Abstract
India has been distinctly lagging behind other emerging economies in developing its long-term debt market (LTDM), be it corporate or municipal bonds. The equity market has been more active, developed and at the centre of media and investor attention. A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, M&A, or to expand business. It includes all bonds except those issued by governments in their own currencies. This paper reviews present status of corporate bond market in India and discusses issues and policies that can help further deepen and improve liquidity in corporate bond market.