Gilts to shine brighter from tomorrow

Mumbai: From Friday, a new era of global interconnectedness begins for the Indian sovereign debt market with government bonds‘ inclusion in an international bond index set to attract billions of dollars of foreign money and increase worldwide scrutiny on the country’s fundamentals.

JP Morgan will include 27 fully accessible Indian government bonds in its GBI-EM global index suite starting June 28, allowing global investors to deploy funds in these bonds.