Indian Govt. Bonds are trending after this big announcement. Read More>>
JPMorgan includes Indian government bonds in its benchmark emerging-market index, potentially driving billions in foreign investments.
India's robust economic growth, expanding geopolitical influence, and resilient assets draw international investors seeking alternatives to China.
Starting June 28, 2024, Indian securities will feature in the JPMorgan Government Bond Index-Emerging Markets, with a maximum weightage of 10%.
Indian bonds and rupee see gains, with benchmark yields expected to slide, benefiting state-backed lenders and non-bank institutions.
India's strong economic performance stands in contrast to many emerging markets, positioning it as an attractive investment destination.
Inclusion in global indexes opens gates for foreign capital, reinforcing India's position as a promising investment hub.
Source: Business Standard, Moneycontrol