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Global index inclusion may draw up to $40 billion flows to India
![IndiaTimes]()
Monday, 25 September 2023
India’s trillion-dollar sovereign bond market is gearing up for a rush of foreign money after JPMorgan Chase & Co. said it will include the nation’s debt in its emerging market indices. The country is allocated a maximum 10% weight in the main emerging market index, which will be started in a phased manner from June 2024, JPMorgan said in a statement last week. The move will draw upwards of $20 billion of inflows as per various estimates and will help ease supply worries in the bond market as well as provide support to the rupee.
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Monday, 25 September 2023
