An excellent article by @ShankkarAiyar though I disagree on two points - https://twitter.com/ShankkarAiyar/status/1248585290408701953

1) There is still no justification for raising dollar bonds. India's currency exchange rate will always be vulnerable to cycles and shocks and we can't afford to take on the additional liability of currency depreciation

Rather government should focus on tapping into a demand for annuity from pensioners or pre-pensioners with tenor of 25-30 years without return of capital as I have tweeted in this thread https://twitter.com/aswinpalanivel/status/1248502749672566784