For just ₹10,000, you could help finance India’s next clean energy or water project. No, this isn’t through taxes. It’s an investment that can actually earn you steady, tax-free returns of up to 5-6%. We are talking about municipal bonds, a small but steadily growing corner of India’s ₹226 trillion bond market. Of course, it’s not all smooth sailing. Liquidity is thin, governance can be patchy, and repayments are sometimes delayed.
Since FY18, Indian cities have raised about $303 million

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