Indian economy very tough and resilent; capable of withstanding many shocks.
Injuns clever people , they keep more than half their money in tunnels where they have a flourishing underground economy free of taxes. No written agreements; only handshake under a sacred cloth.
This is ancient vedic practice; what the eye cannot see, th eheart cannot seek. However it is true that IBN's experiece of marketing or judjing who to loan to is not so hot. They do have big loss portfolio but dontlike to admit they got fooled so it is kept under the rug. Thats the traditional way but always done out of respect.