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Modi’s Growth Plans Could be Hamstrung by Stagnating State Banks

Reinvigorated by his recent re-election, President Narendra Modi has vowed to set India on the path towards growth after the country’s weakest GDP print in nearly five years. Aggressive rate cuts, fiscal loosening, and a potential Eurobond issuance may help spark growth, but serious concerns about stagnant public-sector banks weigh heavily on the outlook.

Sep 12, 2019 // 5:09AM

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