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In the mid-2000s India was going through a massive boom. The economy looked promising and no one shied away from taking risks. But then the global economy crashed and the promised economic growth vanished. Indian companies were dragged into the mess too. And this problem festerred because banks did something really shady.

“India’s twin balance sheet problem is over. We now have a twin balance sheet advantage!”

That’s what Finance Minister Nirmala Sitharaman said a couple of days ago. And it’s the same thing that RBI Governor Shaktikanta Das said last month.

So in today’s episode for 6th July 2023, we explain what’s this twin balance sheet they’re talking about and whether the problem is really over. But before that, a quick sidenote, if you're a recruiter or you know someone who is a recruiter with about 4+ years of experience, Ditto is looking to recruit a Talent Acquisition Specialist (Recruiter). If you're interested or know someone who is please click this link - bit.ly/3NLyHaO