Under a significant move, the JP Morgan Co. is going to add Indian government bonds (IGBs) to emerging markets index in June 2024 which will likely to attract 25 billion dollars foreign investments.
The Reserve Bank of India (RBI) has been engaging with other index providers, including FTSE Russel and Bloomberg-Barclays, for the inclusion of IGBs in global bond indices. |
GBI-EM Global index:
What are Indian Government Bonds (IGBs)?
Impacts on Indian Economy:
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Concerns:
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