Uday Kotak warns India may face economic strain from energy
NewsBytes | May 13, 2026 4:40 PM CST
Kotak urges energy shift and reinvestment
Kotak explained that if oil shoots past $100 a barrel, India's current account deficit could rise to $100 billion; definitely not great news.
He suggested India should cut its energy dependence, like China is doing with electric vehicles and the US with less Middle East oil.
His advice for Indian companies? Reinvest profits and focus on innovation to stay strong in a changing world.
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