Overview
- The decision keeps India out of the Bloomberg Global Aggregate Index for now after respondents flagged market‑infrastructure constraints.
- Consultation feedback backed India’s long‑term trajectory and noted reforms such as the Fully Accessible Route that eased access for foreign investors.
- Specific sticking points included the lack of fully automated trading workflows, tax‑linked settlement and repatriation timelines, and complex, lengthy fund registration.
- BISL will keep the review open and continue discussions with index users, market participants, custodians, regulators, and other authorities.
- Any eventual inclusion would be announced at least a year in advance and may be phased to ensure orderly adjustment for the benchmark’s diverse investor base.