Why there is need for developing the Indian debt market when there are many others issues to be sorted in the financial sector like derivative market, new products etc.The reason particularly is changing dimension of Indian economy that have arises over the last 17 years with the starting of economic reforms.
The Indian debt market is one of the largest markets in Asia and largest in South Asia. It has relatively big size in terms of market capitalization, trading volumes and outstanding securities. Debt market movement works as a leading indicator since it provides risk free rate of interest which has multiplier impact in the market.
