Bloomberg index to add Indian bonds from ’25

New Delhi, March 5

Bloomberg on Tuesday announced the inclusion of Indian G-Securities in its Emerging Market (EM) Local Currency Government Index and related indices from January 31 next year, a move that will bring down borrowing costs for the government.

Indian Fully Accessible Route (FAR) bonds will be included in the Bloomberg EM Local Currency Government indices with an initial weight of 10 per cent of their full market value on January 31, 2025, Bloomberg said in a statement.

The weight of FAR bonds will be increased in increments of 10 per cent of their full market value every month over the 10 months ending October 2025, at which point they will be weighted at their full market value in the indices, it added.

The index will include 34 Indian securities and represent 7.26% of a $6.18 trillion index on a market value-weighted basis

The inclusion will attract about $40 billion in foreign funds into the G-Secs market over next two years.