Uday Kotak urges Indian businesses to adapt to a shifting global order
Uday Kotak, founder of Kotak Mahindra Bank, has urged Indian industry to adapt to a rapidly shifting global order. He warned that businesses must move beyond their comfort zones to navigate growing geopolitical and economic challenges. Speaking about the current landscape, Kotak described the world as increasingly 'tribal', where power and control over assets shape national strength. He argued that countries with strong balance sheets and competitive companies would lead the future world order.
Kotak emphasised the need for strategic thinking in business. He cautioned that India’s external sector remains vulnerable, with higher oil prices and volatile capital flows posing risks to the economy. He also called for urgent reforms in the energy sector, pushing for faster adoption of renewable and electric mobility solutions.
On economic policy, he advocated for innovation and creative destruction over excessive protectionism. Kotak stressed that businesses should not depend on the government for answers but must reflect on their own role in nation-building. He also highlighted the importance of balancing optimism with realism as India reshapes its destiny. Kotak’s remarks underscore the need for Indian businesses to act decisively. His warnings about economic vulnerabilities and calls for reform aim to prepare the country for a more competitive and uncertain global environment. The focus remains on building resilience through strategic action and innovation.
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