Indian G-secs in Bloomberg EM Index from 2025
Market Local Currency Government Index, making it the latest global index to incorporate local sovereign debt. It also paves the way for Indian debt to potentially become part of a considerably larger Bloomberg index that encompasses trillions of dollars of debt.
«This step for our EM local index is very significant and will really allow investors to understand the ecosystem around Indian government bonds. Assuming India maintains its investment-grade status, we will continue to keep India on review for the (Bloomberg) Global Aggregate Index,» Nick Gendron, global head, fixed income index product, Bloomberg Index Services, told ET in a video interview. «The global aggregate is an index that is intended to measure the entirety of the investment-grade market. It's managing over $60 trillion in debt. We will stay close to our clients as to their experiences in investing in India and we will keep that dialogue open.»
On Tuesday, Bloomberg said that Indian FAR (Fully Accessible Route) bonds would be included in the Bloomberg EM Local Currency Government indices with an initial weight of 10% of their full market value on January 31, 2025.
Boost to Rupee, Pvt Investments
The weight of FAR bonds will be increased in increments of 10% of their full market value every month over the 10-month period ending October 2025, at which point they will be weighted at their full market value in the indices.
ET had reported on February 14, citing people with knowledge of the matter, that an advisory committee at Bloomberg Index
