An undated editorial illustration of the Indian rupee and the Indian flag. The decision to include Indian government bonds in two prominent global indexes recently is being viewed as a shot in the arm for the rapidly growing country and is expected to bring in billions of inflows. India's bonds will be added to the JPMorgan Government Bond Index-Emerging Markets (GBI-EM) in June, the Wall Street lender announced in September. The JPMorgan inclusion is reportedly India's first ever inclusion in a global bond index. JPMorgan has said the inclusion of Indian bonds will be staggered over 10 months, starting from a 1% in June to a maximum 10% weightage in its index in April next year.

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Persons: Deepak Agrawal, Agrawal, Goldman Sachs Organizations: JPMorgan Government Bond, Bloomberg, Services, Emerging, Local, Kotak Mutual Fund, CNBC, JPMorgan