India Is Seeking Inclusion in JPMorgan Global Bond Indexes
- Is evaluating a potential 7% weight for Indian sovereign debt
- Move is in wake of deteriorating public finances amid pandemic
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India’s government is working with JPMorgan Chase & Co. to potentially include its bonds in the firm’s global indexes, according to people with knowledge of the matter.
India is aiming for a 7% weighting in indexes tracked by global investors, one of the people said, without elaborating and asking not to be identified citing rules. Details haven’t yet been finalized and may change.