Default risks are rising in India, putting focus on stimulus1 min read . Updated: 13 Aug 2019, 08:50 AM IST
- The government is planning measures to boost the economy and may announce some steps this week
- The credit market has been stung by a yearlong NBFC crisis that started with shock defaults last year by IL&FS group
Investors are awaiting stimulus measures from the Indian government as a gloomy economic outlook adds to mounting credit market woes and raises fears defaults will spread.
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