Over the next decade, 17 of the 20 fastest-growing cities in the world are expected to be from India. At the heart of it all are our local municipal bodies that have historically been plagued by a lack of governance and financial discipline. But that is gradually changing! Municipal Corporations looking to seek financial autonomy & instill financial discipline are rushing to the bond market to fund their big & discerning projects. 25 years after the first-ever Indian Municipal Bond and less than 6 months after the doors were opened to retail investors, the Municipal bond market is looking promising. So, what is the attraction to raising funds from bond markets? Also, why would someone bet on Municipal Bonds? What are the returns and challenges? Host Kiran Somvanshi gets the answers from Arnab Choudhury of SBI Capital Markets, Kripanand Shukla of Kanpur Municipal Corporation, Kunal Mandwale of Pune Municipal Corporation and Madan Sabnavis of Bank of Baroda. Tune in to the latest episode of The Morning Brief podcast!
Note: This podcast episode is bilingual with parts of the interview in hindi between 26:15 till 29:03.
Credits: Zee Uttar Pradesh UttaraKhand and ABP live.