India bonds may be included in Bloomberg EM index from Sept -statement

Bloomberg Index Services on Monday proposed including eligible Indian bonds in its emerging market local currency index from September, a move that could lead to billions of dollars of inflows into the country. The proposal comes just a few months after JPMorgan said it would include India in its widely tracked emerging market debt index from June. The Indian government began discussing the inclusion of its securities in global indexes as far back as 2013 but restrictions on foreign investment in domestic debt hampered the process.