Trump's tariffs create 'urgency to transform India': Uday Kotak

KOTAK MAHINDRA GROUP founder Uday Kotak on Wednesday said the uncertainty of Donald Trump's tariff regime had created "a sense of urgency for transforming India" and offered "a great opportunity to pivot".

- GEORGE MATHEW

In an interview with the Financial Times, Kotak said policymakers and businesses should use the trade war to "get focused on productivity, efficiency, excellence and building world-class brands".

"Manufacturing has to play a very important role", he said, advocating that producers should not focus on India's large domestic market to avoid the need for "cutting-edge precision".

"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'," he said.