Tag Archives: Debt

Thanks to Narendra Modi, India is Fast Going Bankrupt

In the aftermath of full lockdown imposed by the central government of Narendra Modi, Indian GDP has crashed by -24% in the June quarter. This is an historic event. Government’s revenues continue to plummet while their expenditures, to supposedly revive the economy, continue to sky rocket resulting in historically high record budget deficits. Government’s debt […]

Indian Businesses are Drowning in Debt

Indian businesses, especially the so-called ‘too big to fail’ ones, are drowning in debt and are failing one after another. Here is a list of few of these businesses: First, the IL&FS default and insolvency. Also, DHLF, another giant housing finance company, is also near default. Second, Baba Ramdev’s Patanjali is struggling hard with slower […]