
  
  <p style="text-align:justify;">
  Globally, the bond markets are regarded as the largest and deepest source of capital for companies.
In India, the real sector consisting of NBFCs has a very small dependence on bonds, thereby making
it heavily reliant on bank and shadow bank credit. The policy direction of taking India to a USD 5
trillion economy by 2024-25 will need a substantial part of corporate resources to come from the
bond market.
  </p>
  <p style="text-align:justify;">
  The various stakeholders, regulators and policy makers which are directly or indirectly involved in
the council includes Securities and Exchange Board of India (SEBI), Reserve Bank of India, Ministry of
Finance, etc.
  </p>
  <p style="text-align:justify;">
  The mandate of the ASSOCHAM National Council for Corporate Bond Market covers the aspects such
as the major issues and challenges being faced the stakeholders and to play a vital role in bridging
the gap between the industry, regulator and policy maker. This includes conducting regular council
meetings, webinar, summit, e-summit and round table discussions under the guidance of
Chairperson & Co- Chairperson of the council. The ASSOCHAM National Council for Corporate Bond
Market covers the functions of Public policy advocacy, think tank, awareness & training program and
is fully committed in providing their valuable inputs to the relevant Policy Makers & Regulators on
the issues being faced by the industry and its resolution plan.
  </p>
  