Indian firms thrive on alternative finance, outperforming bank loans for growth
The article examines how firms in India get money to grow. Despite having laws similar to England, Indian firms struggle with weak protection for investors and corrupt institutions. Most firms in India rely on non-bank sources for money, not banks or markets. Surprisingly, firms that use bank or market money don't grow faster than those using alternative sources. This shows that in India, non-bank funding is just as good for growing businesses.