The Finance Minister of India, Nirmala Sitharaman, in her maiden budget speech announced that India would issue its first international Sovereign Bond. Above the din of sound bytes and criticism that has followed, two investment experts decipher what this really means for the Indian economy. Will they, or Won't they Should We, or Shouldn't we Global investors have been asking themselves the first question and various agencies of Government of India have been asking the second. The Finance Minister of India, Mrs. Nirmala Sitharaman, in her maiden budget speech last month announced that India would issue its first international Sovereign Bond to fund the growing needs of the Indian economy. It was a historic announcement and it stole the thunder for the budget, which in itself was not the big bang budget that a lot of investors had been pining for. The announcement, and what followed after, unfortunately, is a reflection of the current state of affairs in India. There were plenty of people who lauded this move as it rightly reflects that India, finally, is truly taking its place as one of the largest economies in the world. But the detractors and critics have soon pitched in, with some rather bizarre rationale. The critics, including a former Governor of RBI, were quick to point out that it was a poor idea, that it would open a Pandoras box and that the profligate politicians would end up misusing the instrument and turn India into a Venezuela! All of these arguments actually reflect a very archaic and tunnel vision mentality which has really hampered and slowed the growth of the Indian economy. In the context of the country′s liquidity and credit situation, there could not be a better time to lay 27-year-old demons and draconian thinking to rest.