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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
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Last Updated: Dec 18, 2020, 09:16 PM IST
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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.
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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.