India introduces its first bankruptcy law
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India introduces first bankruptcy law

India is the world's fastest-growing major economy, but just five years ago it was a very different story.

Growth had slowed and many businesses could not repay money they had borrowed. That hit the country's banks hard - and some are still swamped with bad debts.

Now India has put in place its first bankruptcy laws - designed to try and help lenders.

Sameer Hashmi reports from Mumbai.