India's economic blueprint calls for a strategic overhaul of its debt markets to meet the burgeoning needs of long-term infrastructure and climate financing. This recommendation was highlighted in the Economic Survey laid before Parliament ahead of the upcoming fiscal budget discussions. It suggests comprehensive reforms including tax rationalization to bridge gaps between debt and equity instruments. Further measures proposed include the creation of credit enhancement facilities, standardizing securitisation, and constructing a robust municipal bond mechanism. These initiatives aim to invigorate the secondary market, foster a competitive yet secure financial system, and facilitate sustainable capital market growth in India.