JP Morgan to add Indian government bonds to emerging markets debt index

The JPMorgan Government Bond Index-Emerging Markets (GBI-EM) benchmarks will include Indian government bonds from 28 June 2024, the firm said, with a maximum weight to India of 10% of the index. The bank said 23 Indian Government Bonds (IGBs) with a combined notional value of $330bn, all of which fall under the "fully accessible route" for non-residents, are eligible for inclusion. India's long-term plans are providing countless opportunities Inclusion of the bonds will be staggered over a 10-month period starting on 28 June 2024 and ending on 31 March 2025, with 1% weight being in...