'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
Previous peak in 2010 crossed in first five-and-a-half months this year.
Corporates' forex borrowings have grown at a CAGR of 15.6% since 2008.
Crisis of growth is worsened by the challenging global environment and policy missteps. Returning to 9 per cent growth trajectory will be a tall order.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
Stock prices is due to valuation expansion
Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones
While some companies used that to become world leaders, others squandered it by over-borrowing.
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