Uday Kotak: ‘Indians and their gold is a puzzle we must solve’
Uday Kotak, founder of Kotak Mahindra Bank, warned that India's gold imports could reach $88-90 billion, stressing the need to address this issue. He highlighted that rising gold imports contribute to the country's import bill, particularly amid increasing oil prices and a depreciating rupee. The urgency to find a solution is critical as these economic pressures mount.