Despite the tragic impact of COVID-19 on India in recent months, the country “remains a potential target of global investors with long-term horizons.
Indian financial markets have witnessed far reaching reforms in the post liberalisation era in terms of market design including introduction of new instrument and derivative products, regulatory reforms and technological developments. The Indian debt market far exceeds its equity equivalent, and is estimated to be around USD 1.7 trillion, of which approximately USD 1.1 trillion are in central government securities also known as G-Secs or Gilts.
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