India anticipates billions in inflows as bonds join JPMorgan's EMBI

Source: @JPMprgan/X

The index tracks the performance of sovereign bonds issued by emerging market countries.

According to JPMorgan, the addition of 28 government bonds totalling over $400bn will give India a 10% stake in the widely followed measure.

Goldman Sachs reports that approximately $11bn has already flowed into Indian bonds as investors prepare for the official inclusion.

This is the first time India's sovereign debt has been included in a major benchmark.