India's push toward energy self-sufficiency will be one of the defining investment themes of the next decade, according to Nilesh Shah, Group President and Managing Director at Kotak Mahindra Asset Management, who told a wealth summit panel that the recent oil price shock has exposed vulnerabilities the country must now address through aggressive electrification.
Speaking at ET Alpha Wealth Summit panel discussion on the topic 'Global or Local? The New Allocation Reality', Shah said the current energy crisis, while painful, is far less severe than the 1990 crisis that forced India to pledge its gold reserves. But the episode has reinforced the case for reducing import dependence — and that, he argued, is a multi-year theme rather than a one-or-two-year trade.
