Give credit where it’s due: Why India’s private debt market shares none of the structural problems driving current US stress

Indian private credit is not facing the same issues as the US. US private credit stress stems from fund architecture, not bad loans. India's market uses closed-end funds with fixed tenures, avoiding maturity mismatches. Investor participation is limited to institutions and high-net-worth individuals. Financing focuses on real economic growth, not tech sector leverage. This offers global investors a stable alternative.