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Not sure if we are holding back sovereign bonds from global indices, says finance minister

The comments come amid speculation that Indian government bonds could be included on JPMorgan's Government Bond Index-Emerging Markets as early as this month

September 05, 2022 / 01:11 PM IST
Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman

Finance minister Nirmala Sitharaman on September 5 said that she is not sure if the government is holding back the inclusion of sovereign bonds on global indices.

“I don’t know whether we are holding it (bond index inclusion) back but I think the global situation between 2020 — because this was one of the announcements that I had made in 2020 February budget — but post that, because of the pandemic and also because of the global evolving situations, the flow has not been as quick as we wanted it,” Sitharaman said at Ashwamedh – Elara India Dialogue 2022.

“I am sure it will come to its natural, logical conclusion sooner.”

The comments come amid speculation that Indian government bonds could be included on JPMorgan's Government Bond Index-Emerging Markets as early as this month.