Bloomberg Defers Inclusion of Indian Government Bonds in Global Aggregate Index

Bloomberg Index Services has deferred the inclusion of Indian government bonds in its Global Aggregate Index, citing operational and market infrastructure concerns such as limited automation, settlement delays, and complex fund registration. While market participants broadly support India's bond market development and eventual inclusion, Bloomberg will continue its review and provide an update by mid-2026. The decision disappointed investors expecting imminent inclusion, leading to a rise in bond yields and market volatility amid ongoing geopolitical and economic factors.