The Total Amount Of Negative Loans Within India’s Financial Institutions Is Bigger Than The GDP Of 112 Countries
Indias burden of poor loans is really gigantic.
An analyst through India Rankings and Analysis, a credit ratings agency along with an unit associated with Fitch Scores, told Reuters that anxious loans or perhaps non-performing resources in Indian are really worth Rs13 lakh crore ($195 billion). Credit becomes non-performing or bad when the borrower stops generating any primary or interest payments.
Quartz in comparison the size of Indias toxic loans with the GROSS DOMESTIC PRODUCT of all the countries listed on the Planet Banks data source (data is perfect for 2014, calculated at current prices).
Heres what we found: Indias poor loan burden is larger than the GDP of 112 countries. However for the sake of brevity, weve only listed fifty below.