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The Economic Times
The Economic Times

Uday Kotak sees GDP resilience, warns India not to lower guard

New Delhi: India's stronger-than-expected 7.8 per cent GDP growth in the April-June quarter offers reason for optimism, but unresolved geopolitical tensions, the rapid progress of artificial intelligence and volatility in US bond yields mean the country cannot afford to lower its guard, veteran banker Uday Kotak said.

Reacting to the Q1 FY27 GDP data in a social media post, Kotak said India had demonstrated resilience even during what he described as the peak period of the Iran conflict.

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