India's pile of $210b bad debt lures global fund managers chasing returns

India's pile of $210b bad debt lures global fund managers chasing returns

Along the busy streets, a man walks alone as he eyes other stalls in Vrindavan, India. Photo: Igor Ovsyannykov/Unsplash

India’s two-year-old bankruptcy law, which gives creditors more power to restructure troubled companies, is luring more and more offshore investors from as far as Canada to buy the nation’s bad debt.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter