Listing in Bloomberg bond index: a USD75 billion lure India can’t ignore despite many risks (2024)

Economy

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Bloomberg stock indices board in New York City's Times Square on 29 September, 2008

Synopsis

Exposure to global bond indices will help India fund its current-account deficit, apart from becoming a credible investment destination for foreign investors. But the government must weigh the pros and cons before taking a plunge.

It can finance India’s entire current-account deficit, improve its sovereign rating, ease pressure on public-sector banks, develop a sound corporate bond market – the list of many positives could be longer. No wonder many faces in the audience at a recent global business forum, attended by Prime Minister Narendra Modi, in New York, brightened up after Bloomberg CEO Michael Bloomberg said his organisation would support the inclusion of Indian

Madhavankutty G

11 mins read, Last Updated:

Sep 30, 2019, 06:52:28 AM IST

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