Background Paper No. 37
By Anit Mukherjee and Caroline Arkalji
Special Report
Produced by the Special Competitive Studies Project (SCSP) and ORF America
Special Report No. 8
By Dhruva Jaishankar, Ammar Nainar, and David Vallance
By Udaibir Das
For the first time in years, the Budget addresses not just who issues debt but also whether it actually trades afterwards. A new market-making framework for corporate bonds, accompanied by instruments that let investors take positions on bond performance without holding the bonds, marks a departure from India's longstanding focus on issuance while ignoring liquidity.
Edited Volume
By Dhruva Jaishankar, Anit Mukherjee, Anirban Sarma, Mannat Jaspal, Nilanjan Ghosh, and Sunaina Kumar
Editors: Sharon Stirling and Eszter Karacsony
Observer Research Foundation America, 1100 17th St. NW, Suite 501, Washington DC 20036 USA