Comment on The Indian Debt Default That’s Got Everyone Worried: QuickTake

The Indian Debt Default That’s Got Everyone Worried: QuickTake

One of India’s key shadow banks is in trouble. IL&FS Group, a vast conglomerate that funds infrastructure projects across the world’s fastest-growing major economy, sent shock waves through credit markets when it missed several debt repayments. That’s causing concern among the myriad investors, including private individuals, who had regarded the group’s debt as rock-solid.

 

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