India attempts to list sovereign bonds on global bond indices stuck telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
The government and RBI are working on inclusion of Indian sovereign bonds in global bond indices and it may become a reality by the second half of the next fiscal, Economic Affairs Secretary Tarun Bajaj said on Wednesday. The move would attract higher foreign flows as many overseas funds are mandated to track global indices. It will also help bring in large passive investments from overseas, as a result of which more domestic capital would be available for industry as crowding out would be reduced. We are trying for the first half itself but if not in first half, it can maximum stretch to second half, he told PTI in an interview when asked about the timeline for inclusion of government bonds in global indices.
Efforts on to include Indian government bonds in global indices from 2021: DEA Secretary
The RBI earlier this year opened certain specified categories of government securities (G-Secs) for non-resident investors as part of an initiative to deepen the bond market. PTI
Source: Twitter
The government is working on inclusion of Indian sovereign bonds in global bond indices from next year, Economic Affairs Secretary Tarun Bajaj said on Friday. This would attract higher foreign flows as many overseas funds are mandated to track global indices. It will also help bring in large passive investments from overseas, as a result of which more domestic capital would be available for industry as crowding out would be reduced.
Efforts on to include Indian govt bonds in global indices from next year: DEA Secretary
SECTIONS
Last Updated: Dec 18, 2020, 09:16 PM IST
Share
Synopsis
There are some other efforts also which have been made by Reserve Bank of India by allowing FPIs to invest in corporate bonds and the limit has been increased from 9 per cent to 15 per cent.
Agencies
This would attract higher foreign flows as many overseas funds are mandated to track global indices.
The government is working on inclusion of Indian sovereign bonds in global bond indices from next year, Economic Affairs Secretary Tarun Bajaj said on Friday.