Mittal explained that while India's growth story has been strong, future development will need long-term capital from a wider range of investors, not just government spending.

Once known as junk bonds, the high-yield bond market has gotten a lot safer. This market is home to debt issued by borrowers with lower relative credit quality and a higher relative risk of default, ...

As crude prices surge again, memories of India’s oil bonds return. Issued during the 2008 oil shock, these government ...