Indian banking billionaire Uday Kotak has called on Prime Minister Narendra Modi’s government to channel more budgetary support to small and medium-sized businesses as the economy grapples with Donald Trump’s punishing tariffs.
Kotak, founder of India’s third-largest private sector lender, joins a recent chorus of tycoons, business leaders and industry lobby groups pushing New Delhi to help the country withstand the impact of Trump’s 50 per cent tariffs.
“We must think about this as an opportunity for us to get out of our cruise mindset and from a comfort mindset to ‘we are at risk’,” Kotak told the Financial Times.
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