18 years after the 2008 financial meltdown: How a crisis born in US reshaped India

The 2008 global financial crisis hit India through markets, capital flows and trade, but its banking system remained resilient.

The shock exposed gaps in financial resolution and regulation, prompting reforms including the IBC, stronger safeguards for systemically important banks and higher buffers.

Nearly 18 years later, India is stronger, but rising AI investment raises fresh questions about leverage and financial stability.