Many corporates took the non-convertible debentures (NCDs) route to garner funds in 2016. Indian companies raised Rs7.11 trillion using various options such as initial public offers (IPOs), follow-on public offers (FPOs), qualified institutional placements (QIPs), preferential issues and non-convertible debentures (NCDs), among others.
India will be superpower by 2047, but not high-income economy: Martin Wolf
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