2024-07-20 07:10:00 ET
Summary
- At the end of June, Indian government bonds joined J.P. Morgan’s GBI-EM suite of local currency indices in the most significant reconstitution since China’s inclusion in 2020.
- India’s strong GDP growth has made it a standout in the global economy.
- India’s advancements in digital technology have driven impressive levels of financial inclusion.
- Foreign bond investors and rating agencies will continue to monitor for signs of progress in achieving the government’s stated goals to narrow its fiscal deficit in coming years.
India’s inclusion in the J.P. Morgan’s GBI-EM suite of local currency indices could potentially open the door to more foreign investment and support for the country’s economic progress. ...
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India Joins Local EM Debt Indices