Foreigners own less than 5% of a large Indian Bond Market. Global Investors are underinvested. India has opened up the bond markets, targeted inflation,+ve real rates, fiscal consolidation - and this is the result - Investments are down to pre-taper levels.. why (1/n)

https://twitter.com/michaelxpettis/status/1295367196571467777

(2/n): one reason could be China opened up and got a huge share of index and allocations moved.
The broad dollar strength has taken money away from local currency EM allocations. India was non-benchmark and hence was ‘technically’ over-allocated. @tracyalloway @SergiLanauIIF

So the Jalan Committee recommendations are finally out.. phew... and the actual capital transfer of 50k crs is minuscule and very likely a one-time .. i had written about this last Dec ..#Thread @dugalira @ananthng @IndradeepKhan @CafeEconomics qasl.com/mailer/Q-India…

https://twitter.com/arrychary/status/1142709970892288000

The 1.76 trillion number needs to seen as a sum of 3 numbers.. 28k of it is the interim dividend already paid in March 19; 96k as the further dividend for this year (taking the total dividend to 1.24 trillion) and the rest 52k cr of the jalan committee excess capital transfer ..