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Uday Kotak Urges Fiscal Discipline and Reforms for 2047 Goal
Uday Kotak, chairman of Kotak Mahindra Bank, called for stricter fiscal discipline and accelerated structural reforms, arguing that these steps are essential for India to reach developed‑nation status by its 2047 centenary. He warned that unchecked deficits and slow policy changes could derail growth, and outlined priority areas such as debt reduction, tax overhaul and boosting private investment to sustain long‑term prosperity.
Uday Kotak, chairman of Kotak Mahindra Bank, says India must tighten fiscal policy and push key reforms to become a developed nation by 2047.
- Reduce fiscal deficit and public debt
- Accelerate labor, land, and tax reforms
- Boost private investment and infrastructure spending
Read the full remarks here.
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