Total corporate bond issuances during the first half of the current fiscal rose by 25 per cent to Rs 4.43 lakh crore despite economic contraction due to the COVID-19 pandemic, an official statement said on Tuesday.
During the same period last year, corporates had issued bonds worth Rs 3.54 lakh crore.
“COVID-19 has drastically affected the investment climate in all economies of the world, causing a sharp decline in the demand and supply equilibrium everywhere. India has been no exception to this unprecedented economic shock.
“Yet, investment sentiment in the Indian economy has been buoyed by the frequent and active intervention of the Government of India despite being hit by a world-wide pandemic,” the finance ministry said.
The Indian growth story continues to expand as is demonstrated by the trends in Foreign Portfolio Investment (FPI), Foreign Direct Investment (FDI) and corporate bond market flows that indicate and underline the beliefs of investors in the strength and resilience of Indian economy, it pointed out.
FDI inflows into India during the second quarter of this fiscal stood at $ 28.10 billion, out of which FDI equity inflows were $23.44 billion or Rs 1,74,793 crore.