As the Modi government attempts to jump start the economy, we focus on one area of the financial system that could threaten to slow down economic revival, one that gets far less scrutiny than it should: corporate debt. A mountain of cash stuck in projects half complete or yet to get off the ground, weighing down the banking system. Will the urgency to get stalled projects back on track lead to the mistakes of the past being repeated, with little or no interest in establishing how crores of public money were lent so recklessly, and where it has all gone?
