For me, the real thing is make, serve and list in India. Which means we need manufacturing, we need services, and we need financial markets.

Historically, in India, the strange fact was that the equity owner was not taking as much hit as the lender. Therefore, if we restore the first principle of economics, that first the equity owner needs to take the hit and then the lender, we will get a good solution.

My view is make Indian manufacturing competitive, and if it is competitive, it can serve customers or consumers anywhere.

Uday Kotak Quotes