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Infra sector needs Rs 30 trln; novel bonds the key: CRISIL

Infra sector needs Rs 30 lakh crore and banks Rs 5 lakh crore for their capital requirements till 2019, says a CRISIL report.

January 21, 2015 / 21:25 IST
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Moneycontrol Bureau

India's infrasructure sector needs Rs 30 lakh crore and banks Rs 5 lakh crore for their capital requirements till 2019, says a CRISIL report.

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CRISIL believes that India needs out-of-the-box solutions to generate the money so needed for economic growth, hence a vibrant corporate bond market has become an imperative.

“Innovation is a critical ingredient in developing bond market. Continuous innovations in the corporate bond market will eventually open the floodgates of capital for key sectors of the economy," said Raman Uberoi, Business Head - CRISIL Ratings, Large Corporates & Corporate Affairs.