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PE investors see profit in India's troubles in shadow banking, real estate

Four foreign pension plans have committed between $100 million and $400 million each to private-equity funds investing in India since Sept. 2018.

Photo: Bloomberg
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Photo: Bloomberg

Andy Mukherjee | Bloomberg Opinion
India’s financial crisis has hit ordinary people hard. School teachers and electrical engineers have seen their pension savings get stuck in bonds of defaulted institutions. More than a million depositors of a cooperative bank can’t access their cash. 

Homeowners have spent billions of dollars on apartments that will never be finished. Yet for workers in rich nations, the blowup in India’s shadow-banking and real-estate industries is an opportunity. Will they profit from it or get burned like their Indian counterparts? The answer will depend on the skill of money managers — and the Indian government’s eagerness to douse the fire

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