Bloomberg delays India’s bond index inclusion

Bloomberg Index Services has delayed the inclusion of India's sovereign bonds in its global bond indices.

The delay is to allow more time to test recent market reforms in practice.

Investors want evidence that reforms improve operational workflows, such as account opening and onboarding for foreign investors.

Bloomberg cited factors like settlement processes, market infrastructure, and accessibility as key to determining readiness.

The delay will likely reduce fund flows from global passive bond funds into Indian bonds.