India needs to balance growth aspiration with maintaining macro-economic stability Uday Kotak

India needs to balance growth aspiration with maintaining macro-economic stability Uday Kotak

Amid challenges facing the global economy, India will need to balance its growth aspirations with maintaining macroeconomic stability, Kotak Mahindra Bank NSE -0.99% Chief Executive Officer Uday Kotak said on Wednesday. In a note to shareholders, Kotak said India continues to have a fundamentally healthy growth story.

“The heart of any strategy is its execution, and you have to balance enthusiasm with a sense of vigilance when riding on the dirt road.

“Given the fluidity of the global economy, the geopolitical situation, and inflation, the next few months may present a number of challenges,” he said in the annual report.

India will have to balance its growth aspiration with maintaining macroeconomic stability, he said, adding that the country cannot choose its neighborhood, adding to other problems.

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