Reported 9 months ago
India's $1.3 trillion sovereign debt market is attracting global investors, but red tape and complexities are making it challenging for outsiders to do business in the country. Foreign funds eager to invest in India's bonds before they are added to JPMorgan Chase & Co.'s main emerging market debt index are facing obstacles such as lengthy documentation, trade settlement intricacies, and tax complexities. Indian authorities have been cautious of hot money flows and have not made any changes to facilitate easier access for investors. Despite improvements in the registration process, the documentation required for trading in India can be more complex than in other countries, making the on-boarding process tedious and time-consuming.
Source: YAHOO