Reported 27 days ago
Prime Minister Narendra Modi is seeking assistance from Indian households to address a substantial $346 billion debt mountain, primarily stemming from pandemic-era borrowing and extensive infrastructure spending. The strategy involves swapping maturing sovereign bonds with longer-dated notes, with households increasingly investing in insurance companies that are purchasing these bonds. As the finance ministry sets ambitious debt swap targets and with the insurance sector projected to grow rapidly, this shift in the market is promising for India's public finance management.
Source: YAHOO