News

India needs a dual engine funding model as debt markets lag banks, says CEA Nageswaran

India must develop deep and reliable debt capital markets to fund its next phase of growth, Chief Economic Advisor V. Anantha Nageswaran said at a Mumbai summit. He stressed that banks alone cannot finance the massive investments needed over the next decade in sectors such as energy, logistics, infrastructure, and technology, and called for a dual-engine model where both banks and debt markets play distinct, complementary roles.