01075nam a22001097a 4500008004100000100001600041245008900057260003400146300003400180520071700214773003400931260615b           ||||| |||| 00| 0 eng d  aMani, Sunil  aThe guarantee bridge : How loan guarantees fuel India’s corporate global ambitions  aEconomic & Political Weekly    a61(21), May 23, 2026: p.18-21  aThe expanding role of loan guarantees in financing India’s outward foreign direct investment is examined, arguing that they form an under-recognised pillar of corporate globalisation. In the context of persistent domestic savings–investment gaps, firms increasingly use guarantees to access global debt markets. Regulatory changes, notably the 2022 Overseas Investment framework, have eased their use. While enabling expansion without immediate fiscal costs, guarantees create contingent liabilities, concentrate OFDI, and shift risks to the financial system, raising concerns of transparency, equity, and systemic stability.- Reproduced 

https://www.epw.in/journal/2026/21/commentary/guarantee-bridge.html
  aEconomic & Political Weekly