A Deloitte report says India’s debt market is not prepared to finance the next phase of economic growth and calls for urgent structural reforms. The report argues that India needs substantially more long-term capital to support its growth ambitions, but the current debt market is not able to provide that financing efficiently. Deloitte highlights that the market’s capacity and infrastructure are insufficient to meet a widening capital gap as the economy moves toward its 2030 target of a roughly $7.3 trillion size. The report also notes that relying mainly on bank deposits is no longer a viable approach, given shifts in how household savings are being directed. According to the report, addressing these limitations requires improving market depth, liquidity, and overall integration so capital can move more effectively and sustain long-term funding needs. The overall message across the sources is that strengthening the debt market’s structure would help it better intermediate capital and support India’s broader growth objectives.