Similarly, the number of issuances increased by almost 77% from 4,280 in 2010–11 to 10,941 in 2014–15 (Table 1). 7. In comparison to other economies, the size of the bond market in India, however, remains moderate as a percentage of GDP (Table 2). 8.
Some measures taken in the 1930s, 1950s and 1960s to support the domestic financial system and to influence the supply of credit have been viewed as macroprudential tools. 4 Still, when Andrew Crockett pleaded for a macro perspective on prudential policy in 2000, the idea was controversial. 5 It took the Great Financial Crisis to forge a consensus on the importance of macroprudential policy.