Key Points
India's engagement with global rating agencies has not yielded desired results for its sovereign credit rating..
However, the country has successfully engaged with agencies managing global bond and equity indices, resulting in increased weight in the indices..
India aims to further enhance its position by upgrading South Korea's status and ensuring full inclusion of HDFC Bank in the index.. India's engagement with global rating agencies hasn't produced desired results..
Yet, India has done a remarkable job engaging with agencies that manage global bond and equity indices..
Active engagement with index agencies protected FPI funds invested in India and ensured higher allocation from future FPI flows to our markets...
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