banking
Why Commercial Credit Remains Expensive In India
A key barrier to India’s aspirations of becoming a global manufacturing and investment powerhouse is the structural cost of capital, which remains prohibitively high. In this post, Agarwal and Vardhan locate the reasons in weak domestic financial savings, heavy public-sector borrowing, and a fragmented regulatory system. They outline a reform agenda that can enable the country to finance growth more productively.Jun 04 2026
