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The companies facing debt-servicing issues have partially themselves to blame for not having adequate fiscal discipline. Forget advanced business management, basic common sense should tell you that you shouldn't borrow more than you can repay. It is good that this government is cracking down heavily on defaulters. India cannot afford more Vijay Mallyas or Naresh Goyals.
This Govt. is going lock in the public attention on issues like Kashmir, tension with Pakistan, triple Talaq bill, all Muslim related issues, and keep its bravado against Muslims, but, that is hardly the country and the economy need. The longer they ignore the real issue the faster we go downhill. Bhakt's will be disappointed.
A very erudite article with a lot of facts and figures. I only have a simple question. How do these business men get these thousands of crores of loans without adequate equity to back their borrowing ? Let the growth be slow , but let it be sure. If a poor farmer can not repay a loan the banks attach his land. But if a business man can not repay his loan they give him a bigger loan to repay the earlier loan. Does it make sense ?