'No one seems to have looked at the extent of money that is being borrowed by individuals, and the rising levels of household debt.' 'At their present rates of growth, personal loans in India could well become the largest category of bank credit in just two or three years,' cautions T N Ninan.
Say their aggregate borrowings were "well within the norms"
For debt-laden companies, asset sales is an obvious solution.
The two nations share a problem of corporate debt gone bad that is so large and opaque.
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