Monica Malik Instagram – JPMorgan has finally decided to include India in the Government Bond Index-Emerging Markets (GBI-EM) index.
It will lead to passive inflows worth nearly $30 billion into the domestic debt market.
This passive inflow is likely to boost India’s profile on the world stage and further strengthen local fundamentals.
India will enter the global bond index with a 10% weight cap and other smaller JPM EM indices in a staggered manner over a 10-month period beginning June 28, 2024.
#stockmarket #stocks #economy #indianeconomy #india #growth #business #company #jpmorgan #bank #prettymuchfinance | Posted on 23/Sep/2023 14:46:08
