India inches towards inclusion in big bond indices
Its careful approach to capital flows accords with economists’ newfound caution
A WAVE OF passive capital flows is the handsome prize for countries that secure a place in major bond indices. That prospect seems to be on the horizon for India. Many analysts expect part of its government-bond market to enter indices compiled by Bloomberg, a data provider, and JPMorgan Chase, a bank, as early as next year, or perhaps 2023. The government has been keen on inclusion even as it has been ambivalent about other types of capital flows. Its cautious approach is increasingly in line with economists’ shifting attitudes.
This article appeared in the Finance & economics section of the print edition under the headline “Over flows”
Finance & economics December 4th 2021
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