Indian bonds in global markets

Increasing foreign presence in the debt market will release the pressure on our banks and free up money for lending since demand for loans is far higher than deposit mobilisation

Bonds, Govt bond
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Illustration: Ajay Mohanty

Tamal Bandyopadhyay
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.
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www-business-standard-com-nalsar.knimbus.com or the Business Standard newspaper

First Published: Sep 24 2023 | 5:22 PM IST

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