The Municipal Makeover

The Morning Brief · Sep 19, 2023 · 34m

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…