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Economy

Debt pile among corporates has "stunted" job growth, says Kumar Mangalam Birla

Updated : September 18, 2018 11:20 PM IST

He hoped once the troubles with banking non-performing assets (NPAs) are resolved, which will lead to more credit growth and investments for banks, there will be a pick up in job creation in the economy.
This lack of ability to invest, coupled with change in banking norms to being more stricter, is "one reason why the employment generation has been stunted", said Birla.
Debt pile among corporates has

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