RBI Cuts Rate To Lowest In 9 Years To Boost Growth, Loans May Get Cheaper.
We have to see if India comes out of sluggish growth in next year.
There is a major distress is Indian Banking sector and I expect a lot of bankruptcy resolutions in next 12-18 months. Brookfield has been eyeing this for last 3-4 years and I expect them to fully capitalize and invest more in India. Won’t be surprised to see BAM out $5B to work in India in Real Estate, Infrastructure and PrivAte Equity now that political stability is assured for next 5 years.
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