The Economist's Zone

  Indian Government Bonds in the JP Morgan global Bond Index Fund India will remain on the FTSE Fixed Income Country Classification Watch List for the potential reclassification of its Market Accessibility Level from 0 to 1, and consideration for inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI), stated FTSE Russell, the leading global index provider, in its annual country classification review for countries monitored by its global equity and fixed income indices. The inclusion of nominal and inflation-linked local currency government bond markets in global FTSE fixed income indices is governed by the FTSE Fixed Income Country Classification Framework. Once India is added FTSE EMGBI, there will be huge inflows in the economy. It will further ease the international entry into the domestic markets. A core feature of this framework is the assignment of Market Accessibility Levels, which are reviewed on a semi-annual basis. The transparent nature of the Market Acce

India is today hot destination for portfolio and FDI investors Sadanand Shetty, CIO, Truequityadvisors  Sadanand Shetty, CIO, Truequityadvisors  “ P olitical environment do not alter the direction of economy except short term volatility ”,  said   Sadanand Shetty, CIO, Truequityadvisors  in an interview with  Anjali Raulgaonkar  Excerpts: What is your advice to the investors in the current economic situation amid expected slowdown in GDP, corporate earnings, global interest rate environment, valuations and flows in the economy and upcoming elections. India has robust economic outlook with consensus estimate of above 20% earnings growth for FY24 and years ahead. Interest rate pressure will create an opportunity to buy stocks at attractive level. Similarly, political environment do not alter the direction of economy except short term volatility. Sustained domestic flows will neutralize any impact of FII volatility. India is today hot destination for portfolio and FDI investors.