Concentration of Capital Flow Has Enhanced Inequality
Over the last decade, the pattern of lending by public sector banks has changed with large business houses seeking to raise capital outside India.
Over the last decade, the pattern of lending by public sector banks has changed with large business houses seeking to raise capital outside India. This has exacerbated inequality in the Indian economy, says Rohit Chandra who teaches public policy at IIT Delhi in an interview with NewsClick. He adds that the upcoming Union Budget is unlikely to recapitalise banks.
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