通讯-联系 2026年1月

Message from From the desk of CEO ArtificialIntelligence is poised to become adefining force in shaping India’s economic andsocialtransformation.This edition of NITIसंधानforegroundsthisimperativethroughthe‘Roadmap for Job Creation in the AI Economy’ India’sjourneytowardssustainedandinclusive growth will be shapedbyhow effectively it mobilises long-termcapitalandharnessesthe India Infrastructure Financing Bridge: Year 1 report, alongsidein-depth analyses of India’s services sector that track GrossValue Added and employment trends across states. catalyst for productivity, employment, and inclusion.The AI roadmaps underscore both the scale of opportunity and theurgency of coordinated action. They outline pathways to mitigateworkforcedisruption through large-scale reskilling,bridge criticaltalent gaps, and position India as a global hub for AI research and TheUK–India report emphasises the need for innovativefinancing architectures, deal-centric project preparation, andinfrastructure development aligned with global benchmarks ofgovernance, transparency, and sustainability. Complementingthis,the services sector studies capture the sector’s Complemented by research across services, finance, infrastructure,andsustainability,this edition of NITIसंधानreflects NITI Aayog’scommitmenttoevidence-basedpolicymaking.Throughthe Collectively,these perspectives point to the importanceofintegrated policy frameworks that reinforce institutionalcapacity,deepen financial markets,and embed serviceswithin vibrant local economies. I trust this edition will stimulate Shri B.V.R. SubrahmanyamCEO, NITI Aayog Shri Suman BeryVice Chairperson, NITI Aayog About Research and Networking NITI Spotlight: Ideas, Impact, Insights AI by HER: Global Impact Challenge In 2024, NITI Aayog established a dedicated Research&Networking(R&N)Division to strengthen andstreamline its policy research efforts by developing arobust pipeline of high-impact research studies. Thedivision also fosters partnerships with premier think-tanks and relevant divisions of NITI to build a resourcenetwork and enhance collaboration across the policyecosystem. It further plays a key role in evolving a Scan this QR toknow more aboutAI by HER Initiative AI by HER: Global Impact Challenge, organised by the WomenEntrepreneurship Platform and the IndiaAI Mission ahead of the AIImpact Summit, aims to strengthen women’s participation in the AIecosystem through global innovation, mentorship, and capacity- •From Intent to Impact: A Compendium of Good Practices on Gender Parity atResearch Publications this Quarter Workplace•Internationalisation of Higher Education in India Report•Deepening the Corporate Bond Market in India•Roadmap for Transforming India into a Leading Quantum-Powered Economy•Water Budgeting in Aspirational Blocks•India’s Services Sector: Insights from GVA Trends and State-Level Dynamics•India’s Services Sector: Insights from Employment Trends and State-LevelDynamics•CoalGasificationTechnologyforIndianHighAshContentCoal•India’s Blue Economy: Strategy for Harnessing Deep Sea andOffshore Fisheries•Compendium on All-Weather Tap Water Supply in the HigherReaches of the Himalayas•Roadmap for Job Creation in the AI Economy•Roadmap on AI for Inclusive Societal Development•Trade Watch- Quarterly (January - March [Q4] FY25)•UK-India Infrastructure Financing Bridge_Year 1 Report Ms Anna Roy (Programme Director, R&N Division, NITI Aayog)E-mail at pdresearch-niti@gov.in Scan this QR to accessprevious editions ofNITIसंधान Edited by:Ms Chaheti Singh Sisodia(Young Professional, R&N Division, NITI Aayog)Email: chahetisingh.s@niti.gov.in Voice of ourResearchers India’s aspiration to become a developed economy under the vision of ViksitBharat @ 2047 requires a financial system capable of mobilising long-term, low-cost capital at scale. While banks remain central to credit delivery, they alonecannot meet the expanding financing needs of infrastructure, industry, climate transition, and emerging sectors. In this context, a deep, liquid, and diversifiedcorporate bond market is essential to complement bank lending, reduce systemicconcentration risks, improve monetary policy transmission, and strengthen overallfinancial stability. The NITI Aayog’s report, ‘Deepening Corporate Bond Market inIndia’, offers a comprehensive assessment of India’s corporate bond ecosystem,tracing the market’s evolution, analysing its size and composition, and detailing thekey measures undertaken by regulatory authorities to support its development. It India needs to deepen theCorporate Bond Market forViksit Bharat Landscape of India’s Corporate Bond Market Pravakar SahooProgramme Director, Economicsand Finance-I Division India’s corporate bond market has expandedsteadily over the past decade, with outstanding bonds rising from about ₹17.5 trillion in FY2015 toover ₹53 trillion by FY2025, registering an annual growth of nearly 12%. The outstandingmarket accounts for around ~1