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Rising retail borrower stress points to uneven economic recovery

Bottom of the pyramid individuals and businesses are clearly stressed

July 29, 2021 / 12:14 PM IST
Rising retail borrower stress points to uneven economic recovery

There has been much cheer about the economy bouncing back after the second wave of COVID-19. This is notwithstanding the International Monetary Fund and rating agencies like S&P paring growth projections for the current financial year. But recent news flow and data should temper optimism. They point to a two-track economy where big, listed companies and those employed there are doing well while the rest of the country is not. That the average Indian is facing financial pressures due to uncertainty...

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