India local government bonds added to key JPMorgan index, to trigger billions in inflows

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JPMorgan will include India in its emerging market debt index, potentially attracting billions of dollars into the Indian economy. India's government bonds, valued at $330 billion, will be incorporated into the index starting June 28, 2024, in 1% increments until reaching a maximum weight of 10%. This decision follows India's efforts to enter global bond indexes by removing foreign investment restrictions in 2020.

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