Around 2016 and 2017, most banking analysts in India kept missing the deterioration in lenders’ asset quality. Now it’s the turn of the outsourcing firms. By taking recourse to anodyne language such as negative net addition that misses the scale of the problem, analysts aren’t doing their core audience any favours
As George Orwell said in Politics and the English Language, the decline of language ultimately has political and economic causes. Stockbrokers in India use empty phrases as a tribute to corporate power. So, sales and profit dont decline for large Indian outsourcing companies, they “degrow.” A workforce doesnt shrink; the addition of employees turns negative.
Mumbai: Indian tycoon Gautam Adani has secured a $3.5bn refinancing package from 10 international banks, showing his industrial conglomerate retains the backing of lenders after it was the target of.
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