JPMorgan on Friday said it will include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world's fifth-largest economy.
Egypt’s eligibility in index series under negative reviewon Friday said it will include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world's fifth-largest economy.
"India's weight is expected to reach the maximum weight threshold of 10% in the GBI-EM Global DiversifiedInclusion will start on June 28, 2024, and extend over 10 months with 1% increments on its index weighting, as India is expected to reach the maximum weighting of 10%, JPMorgan said. But the government's stance on other issues including capital gains taxes and local settlement delayed its inclusion
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