Union Budget 2022-23: Green bond push likely to bring in investors

The government’s green bond issuance is likely to attract a new set of investors to India’s debt market even as the Budget was silent on India’s inclusion in global bond indices.

Green bonds are regular bonds but their proceeds are used for financing environmentally-sustainable projects.  

The details of the green bonds are not spelt out yet, but it is clear that the bonds will be part of the gross borrowing programme of Rs 14.95 trillion. The sovereign green bonds will likely be issued by the Reserve Bank of India (RBI), but whether they will be part of the same auctions as regular