Mumbai: The long-awaited inclusion of India in global indices such as the JP Morgan GBI-EM Index and Bloomberg (subject to approval by index participants) in the Bloomberg EM Local Currency Debt Index is a testament to the strength of the Indian economy, making it attractive to global fixed-income investors, according to Vishal Goenka, Co-founder, IndiaBonds.com.
FinMin showcases financial markets resilience amid economic boom thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Foreign Money to Help Modi Push Near-Record India Bond Sales bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
India Business News: Foreign money is expected to help the Modi government push near-record India bond sales. Global funds are showing interest in India's sovereign bonds ahead of its addition to global debt indexes. The government is expected to announce a gross borrowing of 15.2 trillion rupees for the coming fiscal year. Foreign investors have already invested more than 500 billion rupees into index-eligible debt. The growing demand from foreigners is expected to have a positive impact on the government's borrowing plans.
A favorable demand-supply backdrop for government debt will come as a breather given the Reserve Bank of India’s stance to keep interest rates high. Finance minister Nirmala Sitharaman will present an interim budget on February 1 ahead of a general election due by May.