India will struggle to achieve 5% GDP growth in 2020: American economist Steve Hanke

Hanke, who currently teaches applied economics at Johns Hopkins University (USA), pointed out that India experienced an unsustainable credit boom, and now the chickens are coming to roost with a massive pile of non-performing loans piled up, primarily at the state-owned banks.

from Economy-News-Economic Times https://ift.tt/2u3Xlhq