There have been several suggestions made – some have been implemented with mixed success. BIS central bankers’ speeches  1  6. Yet, as noted earlier, the debt market remains confined largely to financial institutions, and corporates are not much in the picture. Even within this limited perimeter, public issues are less frequent and the preference has been for private placement of debt paper.
This is the starting point of the puzzle which we need to analyze. 7. Another part of the puzzle relates to our own achievement. We did experience close to double digit GDP growth in FY08 and our investment ratio was 38.1% in that year- with financing issues not coming in the way.