The number of “zombie companies” is on the rise globally. But the rate of growth of such companies is even more alarming in India and that may eventually derail the economy.  At least that’s what a recent report by Nikkei Asian Review indicated. It has defined 'zombie companies' as corporate underachievers overdosed on cheap credit. India in fact has emerged as the leader among the Asian companies, when it comes to rise of zombie companies, as per the report.

“In Asia, where debt has risen markedly over the past several years, India is the leader with 617 zombie companies in 2018, followed by China with 431, South Korea with 371 and Taiwan with 327. In Japan, the number of zombie companies is relatively low at 109 because Japanese companies tend to have low debt levels,”