Kotak Mahindra group founder and veteran banker Uday Kotak said India is transforming from a nation of savers to investors but warned that the country must avoid bubbles through policy, regulation, education and supply of quality paper.
“Companies should raise equity at lower cost of capital for productive use,” he said in his year-end musings posted on social media platform ‘X’ while highlighting a financial sector model for India to achieve 9 per cent growth and $30 trillion GDP by 2047.
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