India probably survived the worst crisis without the world even coming to know about it. Infact many of us never came to know
To put things in perspective the greece debt crisis was 300 billlion €
Lehman brothers contributed to a 110 billion $ investment in the real estate bubble
90% of the bad loans in india were taken by rich industralists in India, only 5000 ultra rich people took these loans:)
Some of these loans will get waived off sadly
Only 10% are loans taken by farmers.
In the farm loans 10% are from one state in india. Surprising that state is punjab. The state in India that has the richest farmers. Most farm loans are taken by rich farmers. The govt will waive off these farm loans too
This is the tax payers hard earned money
These are approximate numbers but the story is on the wall
Some may see this as a story of greed I see this as a story of hope & change, the worst is over 🙂
How do you see this story?
India is changing, how are you changing?
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