Foreigners set for bigger play in $1 trillion India bond market

JPMorgan Chase & Co has become the first global index provider to include India's $1 trillion government bond market on its emerging markets index. The move is expected to attract billions of dollars of inflows into the Indian bond market. While this is a positive development for India's aspirations for global recognition, it also exposes the nation's public finances to greater scrutiny from foreign investors and may increase market volatility.

Sep 25, 2023 - 09:30
Foreigners set for bigger play in $1 trillion India bond market
JPMorgan Chase & Co has become the first global index provider to include India's $1 trillion government bond market on its emerging markets index. The move is expected to attract billions of dollars of inflows into the Indian bond market. While this is a positive development for India's aspirations for global recognition, it also exposes the nation's public finances to greater scrutiny from foreign investors and may increase market volatility.