India is lobbying for inclusion in Bloomberg’s Global Aggregate Bond Index after securing entry into JPMorgan and FTSE Russell benchmarks in recent years.
Government officials said index inclusion would deepen foreign participation in India’s government securities market, which totals roughly 1.5 trillion dollars.
India has already achieved what analysts called the fastest bond index entry progress among major emerging markets, aided by regulatory reforms and tax incentives for foreign portfolio investors.
Bloomberg had not announced a timeline for a decision. Indian policymakers said inclusion would lower borrowing costs and support infrastructure financing.
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Sources:
https://www.business-standard.com/economy