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India's house of cards: big pile of risky debt lurks below

Share of loans to cash-poor companies more than doubles in five years

Indian industry's struggles are a symptom of a credit crunch induced by rising levels of bad  debt.

NEW DELHI/TOKYO -- India's Auto Expo 2020 this month saw two notable absences, but not because of the new coronavirus. Toyota Motor and Honda Motor skipped the event amid a steep decline in auto sales in what had seemed a promising market.

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