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

The Quint
The Quint
2 days ago|3.4K views
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.