Commenting on India’s CAD, which stands at a modest 1.2 per cent of the gross domestic product, Kotak said the trade mix reveals a $40 billion surplus with the US but an $80 billion deficit with China.“What are we going to do about the mix of our current account, especially if the US wants to equalise?
When asked about key steps the government should take to revive economic growth, Kotak said he would love to see Indian enterprises get their animal spirits back. Kotak suggested that the next generation of Indian family-owned businesses, who have sold their businesses and deployed the capital in equity markets, should instead look to use that capital to support new ventures or build new businesses.
After World War-II, politics was a relatively minor factor, but it has now become a significant influence. Kotak highlighted that while it’s encouraging to see the Indian saver transition into an investor in recent years, many invest without fully understanding the valuations at which their SIPs (systematic investment plans) are being made.
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