Credit investing

Distressed debt: Why India must make friends with the vultures

Sitting on a half a trillion dollars of non-performing assets, India’s desire to lift growth should be enough to allow foreign investors to fully tap the country’s distressed debt market. However, there are two major impediments to change.

India’s indigenous vulture population may have been driven to the brink of extinction over the past few decades, but a new variety has been circling the country in anticipation of rich pickings.

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