In a significant development for the Indian economy, Finance Minister Nirmala Sitharaman announced on Thursday that the country has been included in JP Morgan\u2019s Government Bond Index-Emerging Markets (GBI-EM) from June 28, 2023. This inclusion is expected to stimulate a substantial $23 billion forex inflow.<\/p>\n\n\n\n
The minister revealed that 23 Indian bonds under the Fully Accessible Route (FAR) contribute to a 10% weightage in the GBI-EM Global Diversified. The entry into this prestigious index reflects the strength and stability of India’s financial system and its increasing attractiveness to global investors.<\/p>\n\n\n\n
Sitharaman also pointed out the country’s impressive foreign direct investment (FDI) performance. Over the course of nine years, India has attracted $595.25 billion in FDI inflows, a testament to its stable policies and favorable macroeconomic conditions.<\/p>\n\n\n\n
Furthermore, she emphasized the implementation of the ‘Nudge Theory’ in various government schemes such as PM SVANidhi, Beti Bachao, Beti Padhao, Stand-up India loans for women, and PM Vishwakarma Yojana. These initiatives align with the Prime Minister’s empowerment principle and aim to foster economic inclusivity and social equity.<\/p>\n\n\n\n
This announcement marks a significant milestone for India as it continues to strengthen its position in global financial markets. The inclusion in JP Morgan\u2019s GBI-EM is expected to attract further international investment and contribute positively to the country’s overall economic health.<\/p>\n\n\n\n
Source: https:\/\/www.investing.com\/news\/forex-news\/india-joins-jp-morgans-gbiem-predicts-23-billion-forex-inflow-93CH-3191448<\/p>\n","protected":false},"excerpt":{"rendered":"
In a significant development for the Indian economy, Finance Minister Nirmala Sitharaman announced on Thursday that the country has been included in JP Morgan\u2019s Government Bond Index-Emerging Markets (GBI-EM) from June 28, 2023. This inclusion is expected to stimulate a substantial $23 billion forex inflow. The minister revealed that 23 Indian bonds under the Fully […]<\/p>\n","protected":false},"author":1,"featured_media":955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpautop"],"translation":{"provider":"WPGlobus","version":"2.10.10","language":"sv","enabled_languages":["en","nl","es","sv","fr"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"nl":{"title":false,"content":false,"excerpt":false},"es":{"title":false,"content":false,"excerpt":false},"sv":{"title":false,"content":false,"excerpt":false},"fr":{"title":false,"content":false,"excerpt":false}}},"yoast_head":"\r\n