The measures taken by Indian Prime Minister Narendra Modi in opening the sovereign debt market to foreigners could soon pave the way for the inclusion of Indian bonds in major global bond indices, JPMorgan’s Index Research Team said in an email this week. Key quote (source: Bloomberg) India is making progress toward opening up its market to foreign investors and establishing a track record for future inclusion in major bond indices, including the GBI-EM Global Diversified Index. About $115 billion in notional value of current and upcoming government debt have been marked for accessibility, Measures to earmark bonds as fully accessible to international investors could eventually pave the way for benchmark eligibility. For now, India remains off-index and under review for inclusion. The Indian government is scheduled to borrow an unprecedented 12 trillion rupees ($163 billion) this fiscal year. The inclusion of government bonds in global indices would drive billions of dollars of inflows into the nation’s debt market. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BOJ’s Kuroda: FX should move stably reflecting fundamentals FX Street 2 years The measures taken by Indian Prime Minister Narendra Modi in opening the sovereign debt market to foreigners could soon pave the way for the inclusion of Indian bonds in major global bond indices, JPMorgan's Index Research Team said in an email this week. Key quote (source: Bloomberg) India is making progress toward opening up its market to foreign investors and establishing a track record for future inclusion in major bond indices, including the GBI-EM Global Diversified Index. About $115 billion in notional value of current and upcoming government debt have been marked for accessibility, Measures to earmark bonds as fully… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.