The veteran banker also said that India should avoid a retrospective tax and regulatory regime. Explaining the transformation from savers to investors, Kotak said that in the early 80s, the Indian saver had low confidence in financial assets versus gold and land. “The Indian saver’s interest in markets improved after the global financial crisis. The veteran banker also said that India should avoid a retrospective tax and regulatory regime. Explaining the transformation from savers to investors, Kotak said that in the early 80s, the Indian saver had low confidence in financial assets versus gold and land.

Source: Indian Express December 30, 2023 05:30 UTC