In any case, there are other instruments in the short-end like repo, CBLO and CPs that can meet the requirement of investors. Fixed income markets 38. The fixed income markets in India, as is the case with the developed world is dominated by the Government securities markets.
A lot has been done to develop the market infrastructure for the Government securities markets in the past two decades and most of the issues that remains now have to do with the development of the non-bank non-institutional interests in the government securities.