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Managing flows

Govt's dependence on foreign funds should be limited

JP Morgan
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Photo: Bloomberg

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JP Morgan’s announcement last week on the inclusion of Government of India (GoI) bonds in its emerging market government bond index led to considerable excitement, both in financial markets and the government. Assets under management worth $236 billion track this index, and since India will have a weighting of 10 per cent, about $24 billion is expected to be deployed in GoI bonds once the process, which will start in June next year, is completed. As assets tracking the index grow over time, so will the flows. Since GoI bonds are being included in a widely tracked index, it is

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First Published: Sep 24 2023 | 9:03 PM IST

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