 "bonds market, currencies, currency, RBI, yield")
India's chances of inclusion into Bloomberg Global Aggregate Index have risen after JPMorgan Chase & Co. decided to add Indian government bonds to the JPMorgan Government Bond Index-Emerging Markets index starting June 2024, analysts said.
"Post the inclusion into JP Morgan EM Bond Index, India’s chances of inclusion into Bloomberg Global Aggregate Index also rises. In case India is included in the Bloomberg Global Aggregate Index, it could result in inflows of $15 billion to $20 billion with India’s weight ranging from 0.6 per cent to 0.8 per cent," wrote Gaura Sen Gupta, economist at IDFC First Bank in a note.
Given the relatively small weight in the Bloomberg Global Aggregate Index, Sen Gupta expects India’s inclusion could take place
