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Modi's home-for-all pledge could become India's subprime problem
Loan defaults are rising in the affordable housing sector, with the PM under pressure to write them off before he faces re-election next year
Published Wed, Jan 17, 2018 · 09:50 PM
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Mumbai
INDIA'S US$207 billion bad loan pile could get worse.
Delinquencies are rising in the affordable housing sector, a pet project for Prime Minister Narendra Modi that's touted as a main growth driver for Asia's third-largest economy.
KEYWORDS IN THIS ARTICLE
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