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India anticipates billions in inflows as bonds join JPMorgan's EMBI
India, is projected to be among the world's fastest-growing economies this year, is set for billions of dollars of inflows when its bonds join
the JPMorgan Emerging Markets Bond Index (EMBI).
Source: @JPMprgan/X
The index tracks the performance of sovereign bonds issued by emerging market countries.
According to JPMorgan, the addition of 28 government bonds totalling over $400bn will give India a 10% stake in the widely followed measure.
Goldman Sachs reports that approximately $11bn has already flowed into Indian bonds as investors prepare for the official inclusion.
This is the first time India's sovereign debt has been included in a major benchmark.
