Rounak Jain31 May 2022, 12:19
While India Inc. borrowed $38 billion from foreign lenders, India’s richest men, Ambani and Adani alone accounted for more than a fifth of it. Lower rates of interest in foreign markets are one of the reasons companies opt for borrowing in foreign currency. While India Inc. borrowed $38 billion from foreign lenders, India’s richest men, Ambani and Adani alone accounted for more than a fifth of it.