India’s absence from JPMorgan’s index list affects foreign investments

India’s inclusion in JPMorgan’s debt index, which was expected earlier this month, has been delayed till next year due to issues like, India’s reluctance of not collaborating with international settlement platforms, along with tax complications and methods of foreign investors getting their money back, sources said. The 2013 ongoing efforts to be involved in Morgan’s GBI-EM index, if fulfilled, will bring India’s bond market investments of around $30 billion in 10 months, then continuing between $170 billion to $250 billion in the next decade.

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Vishvasni Chand

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