Uday Kotak sees GDP resilience, warns India not to lower guard
· economictimes.indiatimes.com
India's economy grew 7.8 percent in the April-June quarter, showing resilience. Veteran banker Uday Kotak noted ongoing geopolitical and economic risks. Unresolved Middle East tensions and AI advancements pose challenges. US bond yields are also creating market volatility for India. Despite these concerns, India has built foreign currency deposits for protection.
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