JP Morgan s decision to include Indian government bonds in its widely tracked emerging market debt index indicates confidence in India s potential, Chief Economic Adviser V. Ananth Nageswaran said on Friday.
Indias local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds according to JPMorgan.
Global investment bank JPMorgan Chase and Co. on Thursday announced that it would be adding India to its emerging market debt index with effect from June 28, 2024.