Susmit Kumar, PhD (US) susmitk@hotmail.com http://susmitkumar.net
Currently, nearly all economies, including the Indian economy, are facing a downturn. But the downturn of the Indian economy is much worse than others, mainly due to the record NPA (Non-Performing Assets) of the banking and non-banking financial sectors, as shown in Chart 1, which is the highest among the large economies. The record …