A stack of Indian one-hundred rupee banknotes are arranged for a photograph at a branch of the HDFC Bank Ltd. in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

India’s Government-Owned Firms Pay A Hefty Price For Increased Borrowings

India’s government owned agencies and companies are paying a steep price for their borrowings, despite an implicit sovereign backing and low probability of default.While borrowings costs for all In...

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