ONGC, the primary upstream player in India, has had a stagnant output for years now due to maturing fields as well as lack of sufficient efforts in developing new fields.
Real Capital defines potentially troubled properties as those with loans that are maturing this year as well as those with other financial stresses including stalled development or bankrupt tenants.
Our national debt will continue to edge up, but interest payments, the actual piece of the debt that affects the budget, will continue to be de minimis and thus we can continue to roll over maturing debt and keep these payments well below the danger zone.