Indian Bond Now Part of Global Bond Index
On 28th June, 2024, India officially became part of JP Morgan's Government Bond Index-Emerging Markets (GBI-EM).
- This move follows an announcement made in September, 2023 setting the stage for significant financial inflows into the world's fifth-largest economy.
Key Points
Highest Cap of 10 Percent in GBI-EM
- With this, India will join China, Indonesia, and Mexico to have the highest cap of 10 per cent in the JP Morgan Global Bond Index - Emerging Market Global Diversified Index.
Eligible Indian Bonds to be Included in the JP Morgan EM Bond Index
- Only Indian Govt. Bonds (IGBs) issued by the Reserve Bank ....
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