Need for infrastructural development is sine quo non to the growth and development of an emerging economy. In the Union Budget for 2013-14, the Finance Minister outlined that the 12th Plan projects an investment of USD 1 trillion in infrastructure, 47 percent of which is envisaged to be shared by the private sector.
The CII survey on ‘Reforming Corporate Bond Market (CBM) in India’ was undertaken with the objective of reforming CBM in India for mobilising greater resources for infrastructure financing. It targeted industry stakeholders like issuers, investors, market makers, credit rating agencies and technical experts, primarily to assess the prevailing demand and supply side factors, potential growth drivers and the regulatory and policy framework aimed at utilizing the CBM to finance infrastructure development during the 12th plan.