Chauhan sells Bisleri to Tata for 7000 cr. It's an iconic brand indeed. He first sold Thums up to Coke in the early 90s, and even after 30 years, Thums up is still the leader even beating cokes own cola in India. What an iconic guy.
Borrowing for consumption blows up households.
Borrowing for speculation blows up banks.
Borrowing for bailouts, handouts, and wars blows up currencies.
Credit is an economic drug - feel good now, blow up later.
@concodanomics This is the problem with eloquent and poised narratives which seems very logical and sensible on the surface but are hollow to the bottom. These are the ones which attract a mindless cult following.