Opportunity abounds as India gains entry to JP Morgan's bond index

'Significant foreign investor inflows’

clock • 6 min read

It has been a year of meticulous productivity and many successes for India, the world's fifth largest economy, and there are still more than two months to go.

2023 has so far seen the country celebrate a milestone in space exploration, bolster its position as an international manufacturing hub and strengthen global alliances - which has included issuing a 29-point joint statement on areas of cooperation from its prime minister, Narendra Modi, and US President Joe Biden. Meanwhile, India's domestic bourses, the Sensex and Nifty 50, defied cynics and reached record highs of 67,771 and 20,167.65, respectively, early last month. On 22 September, US bank JP Morgan announced it would be adding India to its Government Bond Index-Emerging Markets i...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

 Stories of the week: 3 November

Stories of the week: 3 November

Odey Asset Management; BoE; Fed; - The biggest stories from the world of investment and asset management this week

Sarka Halas
clock 03 November 2023 • 1 min read
JP Morgan said it expects India’s weight to reach a tenth of the GBI-EM Global Diversified index.

JP Morgan to add Indian government bonds to emerging markets debt index

Widely-tracked index

Valeria Martinez
clock 25 September 2023 • 1 min read
The iBonds range debuted in Europe last month, after BlackRock successfully launched the range in the US three years ago.

BlackRock expands range of iBonds ETFs in UK

Three new LSE-listed funds

Elliot Gulliver-Needham
clock 07 September 2023 • 1 min read
Trustpilot