Why India’s debt waivers are sugar-coated poison

India has developed a habit of granting loan waivers and writing off debt. Here is why it could create a vicious cycle that damages the entire credit system.
India's banking system credibility is at stake following the Nirav Modi scandal
India's banking system credibility is at stake following the Nirav Modi scandal
February 28, 2018

If you lend money to someone, you expect the payment to be settled – and hopefully on time. But in India, that is not always the case.

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