India Heading towards Bank Closures and Economic Meltdown India, the seventh-largest economy in the world, just a few months ago, was the world's fastest-growing major economy. Now India's economic growth has slowed down. The picture is grim. Companies are witnessing a sharp downturn in sales. Many foreign investors are pulling money out of the Indian stock markets leading to high volatility . The agricultural sector is down . Unemployment is at its peak. Bank runs; bank closures leading to restricted lending, and collapsing institutions. The Indian financial sector is in big trouble, and the contagion is starting to bite in...
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