Be Prepared for the Worst-Case Scenario,’ Uday Kotak Warns Indians Amid US-Iran War: ‘Be Ready for a Shock’.

Uday Kotak Warns to Prepare for Worst: Kotak Mahindra Bank founder and director Uday Kotak has said that to achieve true economic self-reliance, India needs to reduce its dependence on foreign capital.

Uday Kotak Warns to Prepare for Worst:

Prime Minister Narendra Modi has appealed to citizens not to buy gold and to avoid foreign trips for at least the next year. The impact of this is visible in the market, with ripple effects on the stock market as well. This appeal comes amid the ongoing war in the Middle East and disruptions in crude oil supply. Reactions are pouring in from various sectors. Industrialist and Kotak Mahindra Bank founder Uday Kotak has also expressed concern over the potential economic shock Indians could face due to rising energy prices.

Kotak reiterated that India must cut its reliance on foreign capital to attain genuine financial self-sufficiency, especially as global volatility rises. He cautioned that the US-Iran conflict and surging oil prices could trigger severe economic stress, and urged citizens and businesses to brace for a worst-case scenario.