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Statsguru: Six charts explain India's entry into global bond indices

Foreign investors held a smaller share of government securities as of September than they did in March

bonds
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An earlier report had pointed out that foreign ownership of corporate debt also picked up after China opened up its onshore bond market in 2017

Sachin P Mampatta
The buzz about India’s entry into global bond indices has never been stronger.

There are hopes of inclusion in JPMorgan’s Government Bond Index-Emerging Markets Global Diversified (GBI-EM), besides other indices. A Russia-sized gap in the index after the Ukraine war is said to have made index providers more amenable to solve niggling issues including over capital gains and the use of Euroclear as a financial intermediary.

India is expected to have a 10 per cent weightage in the index compared to 8 per cent for Russia. Some of the existing emerging markets, such as Brazil, could see a small decline in their

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First Published: Sep 18 2022 | 8:38 PM IST

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