India needs debt market reforms and massive water infrastructure investment to sustain growth

A Deloitte report warns that India's debt market lacks the depth, liquidity and market‑driven pricing required to fund the country's next growth phase and its goal of a $7.3 trillion economy by 2030. The analysis calls for three reforms: broadening investor participation and integrating money, bond and derivatives markets; establishing a genuinely market‑driven benchmark yield curve; and making domestic currency markets more attractive to global investors.

Separately, a PL Capital study projects that India's water demand could double its available supply by 2030, creating an investment opportunity of over Rs 20 lakh crore. The shortfall, especially in sewage treatment – with a daily excess of 72,000 million litres – is expected to drive spending in water treatment, wastewater recycling, desalination and related infrastructure, bolstered by government programmes such as Jal Jeevan Mission and Namami Gange.