India's Bonds Join Global Stage

FTSE Russell will include India's sovereign bonds in its Emerging Markets Government Bond Index (EMGBI) starting September next year. This follows similar moves by JP Morgan and Bloomberg, and is expected to attract billions of dollars into India's local bond markets.

India's sovereign bonds are set to reach a wider global audience following the decision by FTSE Russell to include them in its Emerging Markets Government Bond Index (EMGBI) from September of the upcoming year.

This strategic move comes after similar inclusion initiatives by financial giants JP Morgan and Bloomberg Index Services.

With this inclusion, financial analysts anticipate a significant influx of investment into India's local bond market, potentially amounting to billions of dollars.

(With inputs from agencies.)