Over-Financialization in India: Uday Kotak Warns of Economic Risks and Calls for Structural Reforms
Over-financialization could destabilize India's economy as investors struggle to comprehend valuations. Economic Survey 2024-25 highlights rising debt levels in industrialized nations due to excessive financialization. Kotak advocates for free and fair markets while warning against overregulation and micromanagement. Protectionism must be avoided, and India must enhance productivity and manufacturing competitiveness. The next generation of business leaders must focus on entrepreneurship rather than investment management.
Key Highlights:Over-Financialization and Its Economic Risks:Shifting from Overregulation to Growth and Competition:Trade Deficit, Protectionism, and Global Competition:The Impact of Global Tariffs on Indian Competitiveness:Union Budget’s Tax Rebate and Financial Sec...