According to a study conducted by the International Monetary Fund (IMF), Indian firms have the highest corporate debt vulnerability among Asian countries. This vulnerability refers to the likelihood of defaulting on debt payments. The study indicates that a significant portion of corporate debt in India, China, and Thailand is held by firms with low interest coverage ratios, which signifies their susceptibility to default. In the case of India, around 31.1 percent of corporate debt is held by firms that are at risk of default. An additional 32.6 percent of debt falls into the category of firms with interest coverage ratios between one and four, implying that this debt could potentially become vulnerable to default if borrowing costs rise. Thailand has 28.03 percent of its corporate debt concentrated in firms with interest coverage ratios below one, while in China, it is 25.8 percent. On a global scale, approximately 16.8 percent of corporate debt is held by firms susceptible to defau
In ancient times, India was a knowledge society that excelled in various fields like mathematics, medicine, metaphysics, and astronomy. Interestingly, much of this knowledge was documented in Sanskrit, one of the oldest languages in the world. However, it's intriguing to note that this knowledge later resurfaced as "discoveries by Western scientists" after several thousand years. The chairman of the Indian Space Research Organisation (ISRO), S. Somnath, recently emphasized the significance of Sanskrit at a university event. He highlighted that Sanskrit encompassed a wide range of subjects, including poetry, logic, grammar, philosophy, science, technology, and mathematics. Mr. Somnath mentioned a Sanskrit book called "Surya Sidhanta," which discussed the solar system and planetary movements. It's fascinating to learn that the knowledge recorded in Sanskrit spread to different parts of the world, only to return to India as discoveries made by Western scienti