People check market prices on a display screen outside the Bombay Stock Exchange building in Mumbai, in July 2019. Photo: AP
People check market prices on a display screen outside the Bombay Stock Exchange building in Mumbai, in July 2019. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Fears of ‘hot money’ flows temper India’s desire to join global bond indices

  • There is massive scope for further inflows into India’s bond market, and China’s success shows index inclusion can have great benefits
  • New Delhi has reason to be wary of speculative money flows, though, and bond market liberalisation could not come at a more perilous time

People check market prices on a display screen outside the Bombay Stock Exchange building in Mumbai, in July 2019. Photo: AP
People check market prices on a display screen outside the Bombay Stock Exchange building in Mumbai, in July 2019. Photo: AP
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