India will be included in JP Morgan's Government Bond Emerging Markets Index from June 2024

-


Mumbai: JPMorgan Chase & Co. has decided to include Indian government bonds in its benchmark government bond emerging-market index from June 2024. The inclusion of Indian bonds is estimated to spur foreign investment flow of billions of dollars into the country's debt market. The primary estimate of which is currently being put up to 30 billion dollars.

The index provider will begin inclusion of Indian securities in the JPMorgan Government Bond Index-Emerging Markets from June 28, 2004. These Indian government bonds will be included at the rate of one per cent per month for 10 months till March 31, 2025. Currently, 23 Indian government bonds with a combined notional value of $330 billion are eligible for inclusion in this index. Indian bonds will be included on the basis of one per cent per month. A statement said that the maximum weightage of India in this index will be 10 percent.

JP Morgan's decision comes in the wake of the Indian government's introduction of fully foreign-owned bonds in 2020, along with other incentives to attract foreign portfolio investment inflows.

According to figures from the Clearing Corporation of India, foreign investors have increased their holdings in such bonds from $7.4 billion at the end of 2022 to $12 billion in anticipation of inclusion in JP Morgan's emerging bond index.

It is worth mentioning that foreign investors have bought Indian government debt worth 3.5 billion dollars in the current year. On the other hand, India is becoming a top investment attraction in equity this year. Following the decision to include Indian government bonds in the JP Morgan Government Bond Index-Emerging Markets Index, a possibility of Indian government bonds being included in the Bloomberg Global Aggregate Index is also being shown.

The chances of joining the Bloomberg Global Index increased

After joining the JP Morgan Emerging Market Bond Index, India's chances of joining the Bloomberg Global Aggregate Index have also increased. If India is included in the Bloomberg Global Aggregate Index, it can increase the flow of money to India by 15 billion to 20 billion dollars.

Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Detailed information about the descalant sulfamic acid

-
Image
- Industrial guidance-long description Boiler scale: When hard water is heated or evaporated inside the boiler walls and tubes, the calcium carbonate, calcium sulfate or other minerals in the hard water are deposited on the boiler walls or tubes after the water is evaporated. If this boiler scale is not removed from the boiler, the life of the boiler ends. That is why soft water is used in most boilers. (treated to remove calcium and magnesium ions before use). Hard water: Hard rock type soils will rot over a long period of time if the water does not contain low percentages of calcium, magnesium carbonate, bicarbonate sulfate or chloride. Degree of Hardness: Grains per gallon or parts per million (ppm) of calcium to measure water hardness. (1 grain of cac03 per gallon is equal to - 17-1 ppm) Up to 5 grains is considered soft water. More than 30, grains is very hard water. The impurity shown above can produce boiler scale. Also can make metal coossive. The temporary hardness can b
Read more