Will Indian market further go down and affect world economy?
Greetings friends!
In India huge controversy is going on. Gautam Adani, once world number two billionaire has faced a huge setback when American Hindunberg group revealed that his company was indulging in unfair means and their huge loan is under threat. After this Adani group shares plunged. It is also impacting India's stock market. It is going downwards.
Will Indian market further go down and affect world economy?
- Yes, because that group has to pay huge loan amount which default can crumble India's banks.
- Not at all.
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