India introduces first bankruptcy law
India is the world's fastest-growing major economy, but just five years ago it was a very different story.
Growth had slowed and many businesses could not repay money they had borrowed. That hit the country's banks hard - and some are still swamped with bad debts.
Now India has put in place its first bankruptcy laws - designed to try and help lenders.
Sameer Hashmi reports from Mumbai.
20 Jul 2016
- From the section Business