Following JPMorgan’s inclusion of Indian government bonds in its global index for emerging market bonds starting June 28, 2024, monthly net inflows surged to Rs 90,000 crore from October 2023 to June 2024. SBI Group’s Soumya Kanti Ghosh suggested this move could smooth future market developments, potentially mitigating taxation and capital control concerns, while also foreseeing a ripple effect among other index providers.
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