Issues around capital gains tax and settlement rules need to be addressed before Indian debt is included in global indices, say experts. Following this, India could attract additional inflows of up to $40 billion.
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China's bond market is likely to be included in global fixed income benchmarks next year, but investors remain cautious on mainland debt securities, says Pimco's Luke Spajic.
Global investors and index providers look set to limit their China exposure until there is more certainty over market rules and capital transfers, we report in the second of a two-part article.
