Balanced
Uday Kotak’s call for investing at home lays bare Indian companies' short-termism
Uday Kotak criticizes Indian business families for prioritizing treasury gains over long-term business building, despite incentives. He suggests an investment allowance. The author agrees India financialized prematurely, impacting sectors like healthcare. However, proposals like monetizing national assets are viewed critically, as a "fire sale" in a "tribalist" world, emphasizing crucial Indian ownership of infrastructure. Challenges include domestic capital flight and attracting diaspora investment. Kotak's call for public-private collaboration, mirroring the "Bombay plan," offers a potential economic strengthening strategy.
LiveMint · mint · May 21, 2026 at 12:31 PM