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By Sudarshan Kumar Mar 31, 2023 8:28:54 AM IST (Published)
India's inclusion in the FTSE EMGBI could bring in substantial foreign investment into the country's bond market, which could boost economic growth and development.
India will remain on the FTSE Fixed Income Country Classification Watch List for the potential reclassification of its Market Accessibility Level from 0 to 1, and for consideration for inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI).
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In March 2021, FTSE had added India to the FTSE Fixed Income Country Classification Watch List for the potential reclassification of its Market Accessibility Level.
The FTSE Russell has taken note of feedback from international investors regarding areas for improvement in India's market accessibility level, including the efficiency of Foreign Portfolio Investor (FPI) registration, operational issues related to the settlement cycle, trade matching, and the tax clearance process.