The pandemic, ultimately, was unsuccessful in denting the country's capital raising confidence, as India Inc. raised over ₹1.88 lakh crore, beating the record of over ₹1.75 lakh crore raised in FY18.
Even as the RBI tries to ensure an orderly evolution of the yield curve, bond vigilantes could hamper a global economic recovery, unsettle markets, and trigger capital outflows from emerging markets.
At ₹98,213 crore, total fund raising in 2019 fell short by over 41% as compared to 2017’s ₹1,66,544 crore; equity was short by 49% while public bonds issuance grew 161.7% from 2017.
