According to the Financial Times, bad debt has become one of the major obstacles to investment in the current financial turmoil. During the coronavirus outbreak, for instance, Financial Times reported that the Indian economy contracted by a whopping 24% – this was originally 3.1% in the first quarter of the year 2020. The drastic reduction in the GDP of India was far more than what economic experts had forecasted.
Nine big financial changes that you must watch out for in October
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