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Posted 9/22/2023, 9:54:00 AM

India's local bonds set for inclusion in major JPMorgan emerging markets index

India's local bonds to be included in JPMorgan's Government Bond Index-Emerging Markets.
Inclusion marks a key moment for India and its push to raise standing in financial markets.
23 Indian bonds eligible, with $330 billion value. India expected to reach 10% weighting limit.
Inclusion to start June 2024 over 10 months. Expected to bring $20-30 billion inflows.
India began talks on index inclusion in 2019 after easing foreign investment rules.

reuters.com

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