Bloomberg Index Services on Monday proposed including Indian government securities (G-secs) in its emerging market (EM) local currency index from September, a move that could lead to billions of dollars of capital inflows into the country. This comes four months after the inclusion of Indian gilts in JPMorgan’s EM index.After JPMorgan’s announcement in September last year, finance minister Nirmala Sitharaman had said that the action could channelise $23 billion in foreign capital flows into India.
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