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By Mirza Baig 17-10-2019
In: hive-exclusives | Credit Emerging Markets FX

India: Give Me Some Credit!

(3 min read)
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The domestic credit crunch in India has extended. This is forcing Indian borrowers to increasingly rely on USD borrowing.

India’s credit crisis started in September 2018 when ILFS, an infrastructure company, defaulted on a money market instrument. The crisis is ongoing and continues to dominate the outlook for Indian credit and financial markets. Specifically:

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