Pension CEO: India bonds in global indices to attract $30b in inflows
India's inclusion in a widely tracked emerging market debt index suite will also bolster the local currency's value against the US dollar, said HDFC Pension Fund Management's Sriram Iyer.
JP Morgan’s decision to include India in its global bond indices in 2024 signifies the country’s growing prominence in global financial markets and will bring in billions of dollars of foreign fund flows, a top executive at an Indian pension manager told AsianInvestor.
“It will boost India’s bond market by bringing passive flows of $25-$30 billion between June 2024 and March 2025 and will support further development of domestic capital markets,” said Sriram Iyer, CEO of India's HD…
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