Global bond market looks to Modi with promise to finance India's growth

China's phased entry into several key bond gauges this year provides India with a template that could be shaped to its needs

International investors are calling on India to throw open the doors to its sovereign bond market with the promise of more capital to finance its growth aspirations.

While the country’s famously protective policy makers have rejected previous proposals, there are hopes they are becoming more receptive to having India’s bonds included in global benchmarks as Prime Minister Narendra Modi sets his sights on doubling the size of the economy.

With waning domestic savings adding to the pressure for change, the government has already eased investment rules in sectors including retail, mining and manufacturing. China’s phased entry into several key bond