The short-seller attack on the Adani Group has continued to dominate the headlines this week. From the macro perspective there are few signs of contagion, with equities up slightly on the week in light of the Budget. But it is too early to sound the all clear. While local banks have distanced themselves, it may take a long while for exposure to the Adani Group to surface. And Indian banks in general look more vulnerable to large loan losses than many of their EM counterparts.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services