NSE Chief Chauhan: India's Bond Market Needs Policy Boost for Growth

• NSE's Ashish Chauhan emphasizes the necessity of a strong bond market for India's long-term growth.
• India's bond market is showing activity in 2025 but significantly lags global benchmarks, with equity growth far outpacing bonds.
• Chauhan notes India's low debt-to-GDP ratio and complex regulations hinder the bond market's development.
• NSE's Online Bond Platform Providers (OBPP) framework has boosted bond trading volumes, though they remain a small fraction of equity trades.
• Policy support, including simplified regulations, favorable tax rules, and mandatory market makers, is crucial for bond market expansion.

Why It Matters: Strengthening India's bond market is vital for its long-term economic prosperity.