Goldman Sachs sees India joining major global bond indexes from end-2022

By: |
September 16, 2021 4:31 PM

India's inclusion in the JPMorgan GBI-EM Global Diversified Index was more likely by the end of 2022 or early 2023, the bank said in a research note.

bond marketGoldman Sachs estimated passive inflows of around $35-40 billion if India joined both indexes. (Representative image)

India could be included in two major global bond indexes from the end of 2022, bringing one-off flows of $35-40 billion, Goldman Sachs said on Thursday.

India’s inclusion in the JPMorgan GBI-EM Global Diversified Index was more likely by the end of 2022 or early 2023, the bank said in a research note. Inclusion in the Bloomberg Global Aggregate indices would likely happen at the end of 2022 or even end of 2023, the bank said.

Goldman Sachs estimated passive inflows of around $35-40 billion if India joined both indexes.

 

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Kotak Mahindra AMC gets relief from SAT; tribunal partly stays Sebi order
2Bitcoin-led investments into cryptocurrencies hit record $1.5 billion on the back of first Bitcoin ETF
3Sensex surges for 2nd straight day, Bank Nifty holds above 41200; Nifty eyes 18450 target