JPMorgan To Add India To Its Emerging-Markets Bond Index

Global investment bank JPMorgan Chase and Co. on Thursday announced that it would be adding India to its emerging market debt index with effect from June 28, 2024.

While the much-anticipated decision is widely seen as a big positive for the Indian debt market, here's a detailed look at exactly what it means for investors.

The JPMorgan emerging market debt index is officially called the JPMorgan Government Bond Index-Emerging Markets (GBI-EM) index. On its official website, JPMorgan said that it has led investors towards higher-yielding local rates by launching the GBI-EM series which has become the new standard for local market benchmarks.