Why is India’s inclusion in JP Morgan Global Bond Index significant?

India’s government bonds would now form part of the widely followed JP Morgan Global Index for Emerging Markets. The announcement was initially made in September last year. Now, starting June 28, India’s government bonds would be incorporated into the index in a process that would span over the next ten months. The inclusion is being deemed significant primarily because of its potential to bring in foreign money, as well as help India service its current account and fiscal deficits.

The Hindu in this conversation with Deepak Agrawal, the Chief Investment Officer (Debt) at Kotak Mahindra AMC helps us understand the significance and what it holds for the macroeconomics at large.

Видео Why is India’s inclusion in JP Morgan Global Bond Index significant? канала The Hindu