Bitter Lesson Shapes India Fund Manager’s Wary Credit View
A police officer with a protective mask sits on a chair in the middle of a road in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Bitter Lesson Shapes India Fund Manager’s Wary Credit View

(Bloomberg) -- The pandemic and record defaults by Indian companies are making one of the nation’s biggest money managers wary of investing in bonds from local firms.
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