Current Affairs - Economy - Discussion

JP Morgan Chase & Co. is set to include Indian government bonds in its renowned benchmark emerging-market index from June 28, 2024, with India allotted a maximum 10% weight. This is a significant development, as it is expected to attract substantial foreign investments into India’s debt market. The inclusion of Indian government bonds in JP Morgan’s emerging-market index is a testament to India’s growing economic importance. It is also a positive sign for the Indian government, as it will help to reduce its borrowing costs.