Scars Of Lending Past Continue To Hurt India’s Infrastructure Sector
A security guard stands outside a project office at a construction site for the Lucknow Metro developed by Lucknow Metro Rail Corp. and operated by Larsen & Toubro Ltd. in the Hazratganj area of Lucknow, Uttar Pradesh, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Scars Of Lending Past Continue To Hurt India’s Infrastructure Sector

The scars of the last credit cycle, where indiscriminate lending to infrastructure projects led to a surge in defaults, continue to haunt the economy. The poor track record in recovering infrastruc...
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