View: India needs to meet some more qualifications in the foreign investment arena
Today, investors are constrained by the fact that any transaction reckoned in India is based on an independent decision taken by them. Once a part of a global index, the doors for cross-trading in indices open and taking positions in the Indian bond market becomes a reality. Those who trade only in sovereign bonds of countries that are part of these indices get a fillip. Therefore, it stands to reason that there will be more activity.