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Below the Quote on Union Budget 2026 Mr. Shubham Jain, Group CEO, Infomerics Valuation and Rating Ltd

“A meaningful step towards deepening India’s corporate and municipal bond markets by proposing a market-making framework, introducing new derivative instruments, and strengthening incentives for large municipal bond issuances while continuing support under the AMRUT scheme. These measures are expected to improve secondary market liquidity, broaden investor participation, and enhance price discovery, particularly for long-tenor and sub-sovereign issuances. Importantly, the Government’s continued emphasis on fiscal prudence and calibrated borrowing is reassuring for debt markets, as it helps contain crowding-out risks and anchors investor confidence. Together, these initiatives should encourage greater bond market participation by India Inc. and urban local bodies, while reinforcing the role of bonds as a sustainable and diversified funding avenue.”

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