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印度公司债券市场拥有一个有利的发展条件,却没有跟上印度日趋成熟的股票市场及政府债券市场的发展步伐.印度政府对公司债券市场的管制既有积极效应,也存在负面的制约影响.长期以来政府管制造成了印度公司债券市场低水平的供给和需求,导致了发行制度与组织结构的不合理以及市场基础设施的缺失.公司债券市场将在未来印度金融体系中扮演重要的战略性角色,充分发挥政府在市场中的引导作用、完善微观市场结构、放宽外国投资者投资限制,是促进印度公司债券市场快速健康发展的有效措施.“,”Indian corporate bonds market has an advantage,but it does not keep up the pace of the development of the increasingly maturing stock and government bonds market.There is not only a positive effect but also a negative effect from the Indian government supervision to the corporate bonds market.For a long time,the government regulation has given rise to the low level of need and supply in Indian corporate bonds market.Therefore,it led to the irrational issuing system and organization structure,with the absence of some essential market infrastructural facilities in the Indian corporate bonds market.Corporate bonds market will play an important strategic role in the future Indian financial system.The government fully playing the guidance role in the market,improving the micro market structure and relaxing the restrictions to the FIIs investors in native corporate bonds market,are the effective measures to promote the rapid and healthy development of Indian corporate bonds market.