Defaults

Indian Buyers Default on Chickpea Cargoes Amidst Falling Prices

2 months ago

In a surprising turn of events in the agricultural market, Indian buyers are facing significant challenges as they default on several chickpea cargoes. This issue arises as global prices for chickpeas have plummeted, leading to a ripple effect in the supply chain. The decline in prices has prompted many importers in India to abandon their contracts, fearing financial losses in a market that has turned unexpectedly unfavorable.

Rising Defaults in Small Loans Wreak Havoc on Indian Stocks and Economy

6 months ago

Recent data highlighting an alarming increase in defaults on small loans in India is causing widespread concern among investors and economists alike. The surge in defaults is not just a concern for banks and financial institutions but is beginning to signal potential economic distress for the larger Indian market. This situation is poised to have profound implications, not only on the immediate financial landscape but also on the overall economic growth trajectory of the country.