India keen to settle sovereign bonds domestically to help with CAD

JPMorgan, this week, has sought views from the investors on whether it should include India's sovereign bonds in its GBI-EM Global Diversified Bond Index or not

Indian sovereign bonds may soon be settled domestically. This will be possible if the bonds are included in global bond indices and are traded overseas. According to a report by Economic Times (ET), the government is looking for ways to make this possible. 

"Discussions are on (on the inclusion) with them... We are looking at (whether) the settlement can be facilitated here," an official told ET.

This would also do away with the need to reform the taxation system in the country. JPMorgan, this week, sought views from investors on whether it should include India's sovereign bonds in its