Business Today

The Debt Express

The rise of the debt prone economy indicates that the future will remain volatile.

Economic evolution is complicated, and often paradoxical, but its outcomes seem to have a frightening clarity. Towards the end of their book Financial Economy: Evolutions at the Edge of Crises authors Smita Roy Trivedi and Sutanu Bhattacharya state it in no uncertain terms when they write, "We are mounting debts on our future to inflate our present activities. So our future is lost in the present, as our

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