Corporate Debt Overhang Exerts Drag on Investment in India: IMF

first_imgThe corporate debt overhang and associated banking sector credit quality concerns exert a drag on investment in India, the IMF today said in an apparent reference to the PNB scam involving billionaire diamantaire Nirav Modi.Balance sheet vulnerabilities pose a downside risk to medium-term growth prospects in many emerging market economies, requiring policy action, the International Monetary Fund (IMF) said in its latest annual World Economic Outlook report.Read it at New Indian Express Related Itemslast_img

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