New Delhi, May 28 -- India needs broader investor participation, stronger secondary market activity and deeper sub-sovereign and corporate debt markets to strengthen its bond market and align it with global standards, according to a report by Care Edge Ratings.

The report stated that despite significant progress in India's government securities market, several gaps still remain, including limited participation from retail and foreign investors, lower secondary-market trading volumes and limited development of sub-sovereign debt securities markets.

It stated "several gaps persist, including limited retail and foreign investor participation, lower secondary-market trading volumes, and limited development of sub-sovereign debt securities m...