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BlackRock bullish on India, seeks to grow government bond ETF share

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BlackRock bullish on India, seeks to grow government bond ETF share

BlackRock, the world's largest fund manager, is looking to increase its share in India's government bond market through recently launched exchange-traded funds (ETFs). The bonds, which have no foreign investment limits and will be included in JPMorgan's emerging market debt index from June, have attracted interest from foreign money managers. BlackRock currently has $26 million of assets under management in its India bond ETF and believes that the Indian market has significant potential for growth.India's entry into global bond indices has been delayed in the past due to restrictions on foreign investors and local taxation. However, the country's favorable macroeconomic conditions, including high growth, a stable currency, and relatively higher yields, make it an attractive prospect for investors. BlackRock is actively marketing investment options across asset classes in India as one of its main priorities for the year.

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