Uday Kotak warns India on fiscal discipline, manufacturing as growth challenges mount

Veteran banker Uday Kotak has issued a seven-point warning for India, emphasizing the need for stronger fiscal discipline and structural reforms as the country navigates global uncertainty.

Kotak has highlighted the importance of attracting greater capital investment and improving manufacturing capabilities to support India's development agenda. His remarks come as policymakers assess economic headwinds and long-term growth sustainability.

The banker's intervention underscores concerns among financial sector leaders about maintaining fiscal prudence while pursuing India's stated objective of becoming a developed nation by 2047.