Developing a Regulatory Framework for Municipal Borrowing in IndiaThis report provides an overview of the municipal debt market as it exists and has evolved over the past ten years. It provides an assessment of trends and patterns from both bank and bond sources covering all types of municipal governments.
The report also covers an in-depth analysis of all the borrowing patterns in the JNNURM cities across four states – Gujarat, Maharashtra, Tamil Nadu and Madhya Pradesh. It also seeks to assess the borrowing capacity in light of the capital expenditures projected under JNNURM scheme.