India to raise ₹10,000 cr via green municipal bonds by FY30

Indian civic bodies are expected to raise ₹10,000 crore through green municipal bonds over the next 30 months (FY27–FY30), as per ICRA. Urban infrastructure needs exceed ₹56 lakh crore by FY30, with ₹3 lakh crore from commercial debt. Recent green bond issues saw 5x oversubscription, though supply-side constraints remain the key market challenge.