India Joins JP Morgan's Global Bond Index, Marking Historic Milestone

Inclusion is expected to draw billions in foreign investment, boosting the Indian bond market and economy.

Indian government bonds will gradually gain a 10% weightage in the JP Morgan Emerging Markets Bond Index by March 2025.
The inclusion has already attracted over $10 billion in foreign inflows since the announcement last September.
Lower bond yields are anticipated, reducing borrowing costs for the Indian government and potentially lowering the fiscal deficit.
The move diversifies the investor base, reducing reliance on domestic banks and enhancing market liquidity.
Analysts see strong macroeconomic fundamentals supporting further positive impacts on the bond market.