"Go for growth", "shun protectionism": Uday Kotak lists out musings ahead of New Year
Uday Kotak, Founder and Director of Kotak Mahindra Bank, has listed ten-point priority areas for the overall growth of the Indian economy in the year that knocks our doors.
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Taking to X, in his first point, Uday Kotak suggested that India must prioritise economic growth.
«Go for growth. Let's get enterprise and animal spirits firing,» the veteran banker wrote on his X timeline on Sunday.
The Indian economy grew by 5.4 per cent in real terms in the July-September quarter of the current financial year 2024-25. The quarterly growth was quite lower than RBI's forecast of 7 per cent. In the April-June quarter too, India's GDP grew at a slower pace than was estimated by its central bank. Urban consumption had reportedly witnessed a slowdown as persistent inflation dampened the purchasing power of the urban poor.
The veteran banker was also vocal against protectionism.
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