Debt continues to weigh down India’s top conglomerates

Last Modified: Wed Jan 27 2016 07:00:02 GMT+0530 (India Standard Time)
  • 7.3 lakh crore
    or about USD 110 billion is the aggregate gross debt in the books of 10 of India's top corporate groups – Essar, Reliance ADAG, GMR, GVK, Adani, Lanco, Videocon, Vedanta, Jaypee.
  • 7x
    rise in debt over the past 8 years
  • 12%
    increase in debt over 2013 levels, despite attempts at deleveraging by a number of these groups by cutting back on capital expenditure and attempts to sell assets, according to a Credit Suisse Group report titled "House of Debt".
  • 12%
    of the loans in the banking system in India and 27% of corporate loans - that is the how much these loans amount to.