What would it mean to add India to global bond indices

Money from foreign investors has poured into India’s $1 trillion sovereign debt market since August, defying a global slump in bonds as expectations rise that India may finally be added to emerging market indices compiled by FTSE Russell, JPMorgan Chase & Co. and other. Inclusion would be a milestone for India, which has historically restricted entry to foreigners for fear of the vagaries of “hot money”. If that happens, overseas investors would have a new way to put money into a giant e

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