At the start of 2020, few in India thought they would be looking back longingly to the quarter-ended September 2019, when India’s quarterly GDP growth dropped to 4.5% (a six-year low) and experts bemoaned weak manufacturing, falling consumer demand and private investment, and rising unemployment. Then again, these are distinctly unusual times.
Topics: Insights
The adoption of the IBC (Insolvency & Bankruptcy Code) by the Indian government in 2016 was one of the state’s most ambitious moves to ease doing business with Indian companies. However, two years after the adoption of the code, and despite amendments to the core NCLT’s Corporate Insolvency Resolution Process, the results are not as fruitful as expected.
Topics: Insights
