JP Morgan included Indian bonds in its widely-tracked emerging markets bond index, exposing them to foreign investors. Finance Ministry officials and market analysts both lauded move.
RBI's decision to allow direct retail participation could be a game changer. The central bank adds that it is unlikely to cut flow of funds into bank deposits.
The participation of middle powers in platforms such as the G20, ASEAN, AUKUS dialogues, and regional security forums positions them as brokers between competing interests.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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