Major problems in India being hidden by easy money

Worldwide central bankers are working hard to keep prices of financial assets high. Nonetheless, one result of low-interest rates is that they have left poor debt funds with few resources to lift dramatically. In the world, even those with the worst prospects continue to flow to emerging markets.

India is one of the major contributors to this phenomenon. In 2019, the country's debt and stock markets had net inflows of 16 billion ....