Reported 6 months ago
Foreign investors are showing strong interest in Indian government debt as the country prepares to join a major global bond index, with around 50 billion rupees ($599 million) in foreign inflows recorded this week. The positive sentiment reflects anticipation of significant returns following India's inclusion in JPMorgan Chase & Co.'s emerging-market debt index. Investors seem unfazed by Prime Minister Narendra Modi's narrow election victory, with experts predicting reduced bond yields and continued economic growth in key sectors like digitalization, urbanization, and financialization.
Source: YAHOO