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In India, riots have lasting impact on how loans are made | The Source | Washington University in St. Louis
Riots that resulted in anywhere from 10 to 1,000-plus deaths in their hometowns ultimately influenced lending decisions among hundreds of loan managers in India — and the effect endured for decades, reveals a new study involving Washington University in St. Louis. The research shows a country’s ethnic fissures can create crevasses in its road to economic progress.