India ranked 5th on a list of countries with highest Non-performing Assets (NPA) levels
India has been ranked 5th on a list of countries with highest Non-performing Assets (NPA) levels and is on top spot among the BRICS nations, according to latest report by CARE Ratings. The NPA list is topped by Greece (36.4%) followed by Italy (16.4%), Portugal (15.5%) and Ireland (11.9%). All these countries, along with Spain, are commonly referred to as PIIGS, and have been victims of sovereign debt crises in recent years. Spain is ranked at 7th spot below India and Russia. At 9.85%, India’s NPA ratio is 400 points higher than that of Spain’s. The CARE ratings report was compiled in four categories, including low, very low, medium, and high level of NPAs. With NPA ratio of just 1%, Australia, Canada, Hong Kong, Republic of Korea and the United Kingdom were listed in the first category, while China, Germany, Japan, and the USA – with less than 2% of NPA – was listed in the second category. Growing economies like Brazil, Indonesia, South Africa and Turkey were listed in the third category.
1st BRICS Employment Working Group (EWG) Meeting
The first BRICS Employment Working Group was held virtually. It was hosted by India. India assumed B...
India-Russia 2+2 Dialogue
The Prime Minister Narendra Modi and the Russian President Vladimir Putin recently agreed to establi...
Chandler Good Government Index
The Chandler Good Governance Index is released by the Chandler Institute of Governance headquartered...
Australia cancels deals on China’s Belt and Road
The Australian Government recently announced that it has cancelled deals on Belt and Road initiative...
BRICS seminar on Misuse of Internet by Terrorists
The National Investigation Agency recently organised a two-day virtual event with BRICS countries on...
Topics: BRIC • BRICS • Foreign relations • Foreign relations of Brazil • Foreign relations of China • Foreign relations of India • International Relations • Non-performing loan • Piigs • Politics by country
|View All E-Books: Recent Release|