Government Bond Index-Emerging Markets (GBI-EM) Index

On 22nd February, 2023, JPMorgan Chase & Co. (US financial holding company) decided to include India in its Government Bond Index-Emerging Markets (GBI-EM) index from June 2024.

  • Eligible Indian Government Bonds: JP Morgan identified 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion as eligible for inclusion. These bonds are classified as "fully accessible" for non-resident investors.
  • Weightage in Index: India's weight in the GBI-EM index is projected to reach a maximum of 10%. This means that Indian bonds will have a significant presence in this widely followed index.
  • Incremental Inclusion: The process of inclusion will take place over ....
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