Global bond index providers reach out to India amid geopolitical shifts

Recent rally in bonds despite US bond selloff signals optimism on global index inclusion

In a departure from earlier instances, global bond index providers have been reaching out to India for the inclusion of its sovereign debt on their platforms, as the growing exclusion of Russia from international capital markets has led to the need to draw in a large emerging market economy.

Not only have global index providers themselves restarted the discussions, but have also agreed to try and facilitate the process without pressing for tax exemptions for overseas investors–the key sticking point in earlier rounds of talks.

Moreover, if India’s bonds are included in a global index, the process would be facilitated