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Finally, it has happened!
India is included in the JPMorgan Government Bond Index-Emerging Markets (GBI-EM) global index suite.
But it’s not happening tomorrow. India’s inclusion in the GBI-EM global index suite will start on June 28, 2024. India will get a weight of 10 per cent in the GBI-EM Global Diversified Index, but not at one go. From June next year, 1 per cent each will be added every month, making it 10 per cent by March 2025.