Opinion: India must cut red tape to grow bond market
New Delhi has raised foreign investment caps on corporate and sovereign debt in a bid to meet a challenging infrastructure investment target. But raising the caps alone is not the answer; India must simplify its investment regulations and end its caps.
Much to the surprise of many, India recently lifted the cap on foreign investments in Indian debt.
The reason for this is simple: New Delhi desperately needs more money if it is to succeed in its goal to double infrastructure spending to US$1 trillion between 2012 and 2017.
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