India's inclusion in global bond index may lure $25 bn inflows: JPMorgan

Actual inclusion will depend on domestic and international developments: JPMorgan

India’s inclusion in JPMorgan’s global emerging-market bond index could prompt $25 billion of inflows from foreign investors, the bank said in a research report.
 

Actual inclusion will depend on domestic and international developments, Arthur Luk, a JPMorgan Chase & Co. strategist, wrote in a note. Given India’s large weight in the index, the process would likely be staggered over 10 months, similar to China’s inclusion into GBI-EM in 2020, Luk said.

Earlier this month, the U.S. bank’s index team said that Indian government bonds were on track to be placed on index watch for inclusion. The ability to access the market