By Admin 
- Uday Kotak warned of the impact of the US-Iran war on India.
- Rising fuel prices will become a challenge for the low income group.
- India should reduce its dependence on foreign investment.
- Manage the economy like a ‘corporate balance sheet’.
CII Business Summit: While speaking at the CII Annual Business Summit 2026, veteran banker and founder of Kotak Mahindra Bank, Uday Kotak, said that the impact of the war between America and Iran can now start becoming visible, hence India should now be prepared to face the worst situation.
Giving a strong message to the Indian business world, he said that the relief that the world has experienced in the last two months is about to end. In such a situation, India, which has been living in the ‘comfort zone’ for a long time, now needs to come out of it and find a strong and permanent solution.
There will be a severe blow of inflation
Uday Kotak said that the full economic impact of the US-Iran war that has been going on for the last two months has not yet reached Indian consumers. The reason for this is the old stocks and losses being borne by the oil companies. But now a big shock is coming. This will be a big challenge, especially for low and middle income families, due to rising fuel prices and resulting inflation.
Supported PM Modi’s appeal
He said that if crude oil prices remain above $100 per barrel, India’s current account deficit (CAD) may increase to 2.5%. Kotak suggested that India should manage its economy like a ‘corporate balance sheet’, where unnecessary consumption should be reduced. He supported a recent appeal made by Prime Minister Modi in this regard.
He said that to become truly economically self-reliant, India must reduce its dependence on foreign investment and give priority to building a strong domestic base of long-term risk capital.
According to Kotak, a truly self-reliant nation is one which does not need to depend on anyone else’s money or power.
#WATCH | Delhi: Founder of Kotak Mahindra Bank, Uday Kotak says, “My view is we should prepare for paranoia before the event. We must hope that tough times do not come or remain, but we must prepare for the worst. It is about preparation. Be ready for tough times, rather than… pic.twitter.com/A9sabctqel
— ANI (@ANI) May 12, 2026
caution is safety
Addressing the program, he asked Indian business leaders to adopt Strategic Paranoia – that is, preparing for the worst situation even before the crisis occurs.
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