Why India hopes to make it into more big financial indices
Will others follow the example of JPMorgan Chase?
In theory, financial indices are similar to thermometers, providing objective numbers that reflect external conditions. In reality, especially if the underlying securities are bonds, human choices about their composition make an enormous difference—as India is now demonstrating.
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “A $24bn decision”
Finance & economics October 7th 2023
- A surge in global bond yields threatens trouble
- Oil prices fall, defying suggestions of a $100 barrel
- Why investors cannot escape China exposure
- Why India hopes to make it into more big financial indices
- China’s greying population is refusing to save for retirement
- How carbon prices are taking over the world
- To understand America’s job market, look beyond unemployed workers
From the October 7th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
China meets its official growth target. Not everyone is convinced
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
Ethiopia gets a stockmarket. Now it just needs some firms to list
The country is no longer the most populous without a bourse
Are big cities overrated?
New economic research suggests so
Why catastrophe bonds are failing to cover disaster damage
The innovative form of insurance is reaching its limits
“The Traitors”, a reality TV show, offers a useful economics lesson
It is a finite, sequential, incomplete information game
Will Donald Trump unleash Wall Street?
Bankers have plenty of reason to be hopeful