ILFS Tragedy: Save Rs 25 Thousand Crore, Destroy Rs 25 Lakh Crore

Name: ILFS Tragedy: Save Rs 25 Thousand Crore, Destroy Rs 25 Lakh Crore
Uploaded: 2019-10-11T02:30:51+00:00
Duration: 8 min 34 s
Channel: The Quint
Description: The Modi govt treated the crisis at ILFS like it was a biscuit or shoe company, sending a cardiac tremor through the Indian economy. The mismanagement of the crisis has created a contagion that saved the govt Rs 25,000 crore but destroyed Rs 25 lakh crore of value across the economy, argues Raghav Bahl.

The Quint

The Modi govt treated the crisis at ILFS like it was a biscuit or shoe company, sending a cardiac tremor through the Indian economy. The mismanagement of the crisis has created a contagion that saved the govt Rs 25,000 crore but destroyed Rs 25 lakh crore of value across the economy, argues Raghav Bahl.

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