India’s inclusion into global indices faces further delays
Issues around capital gains tax and settlement rules need to be addressed before Indian debt is included in global indices, say experts. Following this, India could attract additional inflows of up to $40 billion.
A version of this article was first published on FinanceAsia.
The much-awaited inclusion of Indian debt in JP Morgan Government Bond Index Emerging Markets (GBI-EM) faces further delay.
Initially expected to be announced in September, this is now unlikely to be confirmed before the new year, and it remains unclear how issues around capital gains tax and settlement will be resolved, experts told FinanceAsia.
“Initial concerns included the rupee’s partial capital account convert…
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