Former CEA: It is India’s Great Slowdown, economy seems headed for the ICU – The Indian Express

According to Subramanian, the collapse of IL&FS in September 2018 was a “seismic event” not only because of the Rs 90,000 crore-plus debts of the infrastructure-cum-lending behemoth, but also its “prompting markets to wake up and reassess the entire NBFC sect… Read More