The Seen and the Unseen - hosted by Amit Varma cover image

Ep 321: Josh Felman Tries to Make Sense of the World

The Seen and the Unseen - hosted by Amit Varma

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What Happened After the Global Financial Crisis?

After the global financial crisis, things slowed down. The cost of servicing those loans when skyrocketing and then the exchange rate appreciated. They had to come up with many more rupees to repay their dollar loans. So they got hit from all possible sites and the end result was this 13 lakh crore non-performing loans. This problem has still not been adequately resolved today.

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