Corporate bond outstanding soars four-fold to Rs 40 lakh crore in a decade

The US market is very deep because it is led by corporates and municipalities, which is a very small in the country. But corporate bond market as percentage of GDP is also the highest at 120 in the US, while in India, it is only 18 per cent as against 80 per cent in Korea and 36 per cent in China, Sankar said.