Sri Lanka defaulted on its external debt for the first time in its postcolonial history…
The Demise of Bank Credit C.P. Chandrasekhar and Jayati Ghosh
Growing economies generally show increasing deployment of bank credit – but in India this has been decreasing for years and recently has been almost flat. What does this suggest about the growth process and the health of the Indian economy.
Bank_Credit (Download the full text in PDF format)
(This article was originally posted in the Business Line on 1 January 2018.)