India’s Entry into JP Morgan Global Bond Indices: Unlocking a Potential Inflow of $25-40 Billion
On Friday, JP Morgan announced that India would be included in the GBI-EM Global Diversified bond Index suite effective 28 June 2024, reaching a maximum weight of 10%. Currently, 23 Indian Government Bonds with a combined notional value of $330 billion are index eligible. From June 2024 to March 2025, Indian Government Bonds will be