India's Bond market is both growing and contracting at the same time. Here's the how and why: (1/n) #bonds #Debt #Banking #StateofIndia In value terms, bond market (outstanding value of corporate bonds), has grown at around 8.5% YoY in the first half of FY20. That is a slowdown from ~12% growth in FY19, but it is still growth. And overall credit growth in the economy itself has slowed. (2/n) #bonds #StateofIndia